Last $46.20 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 02/19/15 All times are local (Market data is delayed by at least 15 minutes).

wartsila oyj abp (WRTBF) Snapshot

Open
$46.20
Previous Close
$46.20
Day High
$46.20
Day Low
$46.20
52 Week High
05/1/14 - $56.10
52 Week Low
12/12/14 - $43.45
Market Cap
9.1B
Average Volume 10 Days
3.1K
EPS TTM
--
Shares Outstanding
197.2M
EX-Date
03/6/15
P/E TM
--
Dividend
$1.15
Dividend Yield
3.15%
Current Stock Chart for WARTSILA OYJ ABP (WRTBF)

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wartsila oyj abp (WRTBF) Details

Wärtsilä Corporation provides power solutions for the marine and energy markets worldwide. It operates in three segments: Utilities, Independent Power Producers, and Industrial Customers. The company’s products include control and monitoring equipment for individual products and integrated solutions for vessels; ballast water management system solutions; high pressure air and gas compressors for marine, industrial, and offshore application; and engines and generating sets. It also offers exhaust gas cleaning systems; gas handling systems; and LPG systems and tank control systems, as well as process solutions, including specialized LNG projects. In addition, the company provides marine reduction gears; inerting gas solutions; oil separation systems; integrated products for service power generation and diesel-electric propulsion; and various propulsor solutions comprising propellers, thrusters, and waterjets. Further, it offers pumps and valves for liquid cargo handling; seals, bearings, and stern tubes; and waste, oil, and fresh water management solutions. Additionally, the company provides basic support services, such as original equipment manufacturer spare parts, tools, consumables, field services, workshop and reconditioning services, and technical services; and installation, commissioning, performance optimization, upgrades, conversions, and environmental solutions. The company offers its products and services to companies operating in merchant, offshore, cruise and ferry, navy, and special vessel segments. Wärtsilä Corporation was founded in 1834 and is headquartered in Helsinki, Finland.

15,293 Employees
Last Reported Date: 02/10/15
Founded in 1834

wartsila oyj abp (WRTBF) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: €1.1M
Compensation as of Fiscal Year 2014.

wartsila oyj abp (WRTBF) Key Developments

Wartsila's Ballast Water Management Systems Ordered for New Chemical Tankers

A series of eight new 33,000 DWT chemical tankers, currently under construction in Asia, will feature Wartsila Aquarius UV Ballast Water Management Systems (BWMS) each of which is certified for explosion proof (EX) requirements. This means that the BWMS units can be installed in Zone 1 hazardous areas. Each of the eight vessels will have two Wartsila Aquarius UV systems installed. The particulars of this design required a partnership approach with the shipyard in order to successfully integrate the BWMS into the hazardous area, with the addition of deepwell pumps already delivered. Wartsila has taken a systems approach to the EX validation process and the complete Aquarius UV BWMS module, rather than just the electrical components, is EX-certified. This approach improves accessibility, since the modular design allows some system components to be located outside the hazardous area, thereby increasing the availability and maintainability of the entire system.

Wartsila Corporation Signs Contract with Shanghai Electric Power

Wartsila Corporation has signed a major contract with Shanghai Electric Power for the conversion of the Maltese Delimara Power Station to operate on natural gas. The contract, signed in December 2014, is the first between Wartsila and Shanghai Electric Power. The Delimara Power Station is currently using heavy fuel oil and running on eight Wartsila 46 engines. The project includes the conversion of four of the current engines into Wartsila 50SG and four into Wartsila 50DF engines. As the power plant begins to operate on natural gas, the emissions produced by the plant will be reduced, ensuring compliance with the emission regulations set by the EU. Operating costs of the plant will be reduced due to the decrease of abatement system operating costs. Due to the conversion, Shanghai Electric Power will also be able to reduce its fuel costs, resulting in better cost-efficiency at Delimara.

Wartsila Corporation to Supply 30 Wartsila 50DF Dual-Fuel Engines to DSME

Wartsila Corporation has announced that it will deliver 30 Wartsila 50DF dual-fuel engines for five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering, or DSME, yard in South Korea. The vessels will operate in arctic conditions to serve the Yamal LNG project in Northern Russia. The order was placed in January with Wartsila's joint venture company, Wartsila Hyundai Engine Co. (WHEC) who will also build the engines in South Korea. Each of the LNG carriers will be fitted with four 12-cylinder Wartsila 50DF engines and two 9-cylinder Wartsila 50DF engines. The engines will primarily utilise liquefied natural gas (LNG) as fuel, but are also capable of running on conventional marine diesel fuels. When operating in arctic conditions, the vessels will be required to handle ambient temperatures of as much as minus 50 degrees Celsius, and to break through ice up to two metres thick. This requires dramatic variations in engine load within a short time span, and the Wartsila engines were considered as being the most suitable for these extremely challenging conditions.

 

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