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Aker Finnyards

AKER FINNYARDS

Based in Rauma, Aker Finnyards recent history is indicative of the changes, which continue to sweep the Finnish maritime scene. Finnyards is owned 100 percent by Norwegian interests, part of Aker Yards, an international shipbuilding group comprising Aker Finnyards together with a German and two Norwegian shipyard groups. Aker Yards is owned by Aker RGI. Aker Finnyards' main activities are construction of specialized ships, vessels for oil and gas production and heavy offshore structures. Aker Finnyards' ownership is 100 percent Norwegian, While the shipyard's reign under Norwegian rule is relatively short, its experience and accrued expertise spans many decades and includes more than 1,500 ships built — both long series and extremely demanding one-offs. Deliveries include fast ferries, car-passenger ferries, cruise liners, scientific research vessels, RoRo vessels, ice breakers and naval craft. The yard is also well suited for handling various types of offshore constructions in its huge 853 x 279 ft. (260 x 85 m) drydock, with 300 tons lifting capacity and 600 tons transport capacity. In the graving dock it is possible to build vessels up to 150,000-dwt. Aker Finnyards and the Greek G A Ferries recently signed a letter of intent for the building of a new car-passenger ferry for short international routes and Greek domestic traffic. The LOI also includes an option for another vessel. G A Ferries, which operates 10 vessels, intends to go public in Athens this year.


Aker Finnyards Names New President

The Board of Aker Finnyards Oy has appointed Mr Jyrki Heinimaa as the new President of the Finnish shipbuilding company Aker Finnyards Oy. He will start in his new position on February, 16 2004 Heinimaa (38), LL.M., the present Senior Vice President, Finance & Administration, of the company has been employed by the company since 1996 attending first to the legal matters and since 1999 also for the financial administration


Construction Begins for Birka Line’s New Cruise Vessel

14 Shipyards were competing last November for Birka Line’s newbuilding contract. Aker Finnyards won, and after the design period the production of the cruiser started today. The vessel, approximately $181M, is considered to be an environmentally friendly vessel- it fulfills two very new classification criteria; DNV’s Clean Design rule defining several environmental solutions as to the ship structures, and the Comfort Class rule securing a noiseless and vibration free environment.


Cruise, Ferry and Naval Projects to Get Evac Systems

Scandinavian passenger ship operators have specified Evac vacuum toilet and waste treatment for their latest newbuildings from Aker Kvaerner group yards in Finland. Evac systems will also serve RoPax ferries and cruise liners commissioned by other major owners, as well as diverse naval vessels Birka Line cruise ship The 33,000gt/1,800-passenger vessel ordered by Birka Line from Aker Finnyards - dubbed the ‘Floating Caribbean’ - is designed to set new standards of year-round cruising


Wärtsilä to Power New Tallink Cruise Ferry

Wärtsilä Corporation was awarded a repeat order in February 2006 for main and auxiliary engines for the fourth new cruise ferry for the Estonian ferry company Tallink Grupp AS. The ferry will be built at the Helsinki shipyard of Aker Finnyards ASA in Finland with delivery in summer 2008. The Wärtsilä engines give the newbuilding a compact, low weight machinery plant with excellent fuel consumption. For this new cruise ferry


Color Line, Aker Yards Sign for Cruise Ship

Color Line AS and Aker Yards signed a letter of intent (LOI) for the order of a second ship, a sister vessel to M/S Color Fantasy, the world's largest cruise ship with car decks delivered from Aker Finnyards the 3rd of December 2004. The contract value is at the same level as for M/S Color Fantasy, approximately EUR 300 million. The agreement is subject to certain conditions, including Color Line and Aker Yards board approval


Finland: Cradle of Marine High-Tech

The Finnish maritime market continues to serve the high-tech, high-value end of the marine business with a plethora of engineered solutions and continually evolving marine technology. As the brunt of "series production" shipbuilding (ie. bulkers and tankers) is now firmly embedded in the Far East, dominated by Japan, Korea and China, Finland continues to be a dominating force in specialty markets, most notably cruise shipping.


New Directors Elected at Aker Maritime

Aker Maritime's corporate assembly has elected Bengt A Rem and Olav Revhaug as the new shareholder representatives on the board of Aker Maritime ASA. Aker Maritime's corporate assembly has elected new directors to take the place of Kjell Inge Røkke and Helge Lund who resigned as directors of Aker Maritime after being elected to the board of Kværner ASA. The election was in accordance with the election committee's recommendations.


Aker Enters TRS Agreement

Aker ASA entered a TRS (Total Return Swap) agreement with exposure to 1,500,000 shares in Aker Solutions ASA.  The expiration date of the TRS agreement is November 1, 2013 and the settlement price in the agreement is NOK 83.717325 share. Aker owns 70% of the shares in Aker Kvaerner Holding AS, which in turn owns 110,333,615 shares, representing 40.3% of the outstanding shares in Aker Solutions. The Norwegian government, through the Ministry of Trade and Industry


Demerger Proposed at Aker Solutions

Photo: Aker Solutions

The board of directors of Aker Solutions ASA has in accordance with the strategy disclosed April 30 resolved to propose to the company's shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services unit of Akastor, one of two companies that will emerge from the separation. Aker Solutions Holding ASA - a subsidiary of Aker Solutions ASA established for the purposes of the demerger and which


Fjords Processing Bags Johan Sverdrup Contracts

Johan Sverdrup tendering. Photo Statoil

  Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea. The contracts were signed with Statoil on behalf of the Johan Sverdrup license


Aker Solutions Revenue Steady

Logo

Sales NOK 8 billion in 2Q 2015 vs NOK 8.1 billion in 2Q 2014 Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 547 million vs NOK 608 million a year earlier EBITDA margin 6.8% vs 7.5% a year earlier EBITDA margin ex. one-off items 7.6% vs 7.5% a year earlier


Røkke is CEO of Akastor ASA

Kristian Rokke

Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke


Aker Philadelphia Shipyard is Philly Shipyard Now

Photo by Aker Philadelphia Shipyard Inc

 Aker Philadelphia Shipyard ASA announces its plan to change its name to Philly Shipyard ASA, pending an upcoming shareholder vote at an extraordinary general meeting expected to take place in October 2015. Aker Philadelphia Shipyard, Inc


Icebreakers Ordered for Neft’s Novy Port Project

Image: Aker Arctic

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two new icebreakers based on Aker ARC 130 A design. The icebreakers will be used in the oil terminal operated by LLC


Vyborg Shipyard to Build Icebreaker

Image: Vyborg Shipyard

 Vyborg Shipyard signed a License and Concept Design Agreement with the Finnish engineering company Aker Arctic Technology for two icebreaking support vessels.   Two multifunctional diesels-electric- powered icebreakers 22 MW will be built at Vyborg Shipyard by order of LLC Gazprom


Aker Solutions 1Q 2015 Revenue Up

Courtesy of Aker Solutions

Aker Solutions announced their Financial Results for the first quarter of the current calendar year. Financial Highlights  * Sales NOK 8.5 billion in 1Q 2015 vs NOK 7.5 billion in 1Q 2014  * Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 591 million vs


Aker Philadelphia to Pay Dividend

Aker Philadelphia Shipyard

  On 6 May 2015, the Board of Directors of Aker Philadelphia Shipyard ASA resolved to pay a dividend to the shareholders of AKPS as of expiry of 12 May 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25. The dividend is classified for accounting purposes as a repayment of previous


Baltika's DP and Autopilot Pass Ice Trials

Baltika icebreaking (Photo: Aker Arctic)

The dynamic positioning control system and autopilot onboard the icebreaking rescue and emergency vessel Baltika have been approved as meeting performance expectations, following a set of Arctic ice trials in the Kara Sea.   Developed by Finnish company Aker Arctic Technology


AVEVA, Aker Solutions Ink Deal for AVEVA Everything3D

Aker Solutions selected AVEVA Everything 3D to be its strategic 3D tool on plant design, modification and maintenance projects.

  AVEVA establishes long-term partnership with Aker Solutions for the use of AVEVA Everything3D as a core part of the company’s strategic design platform Cambridge, UK: AVEVA today announced that it has entered a multiyear agreement with Aker Solutions for AVEVA Everything3D (AVEVA


Bids Placed for Novy Port Icebreaker Contract

ARC 130 A icebreaker (Source: IAA PortNews)

Seven companies submit bids for contract for Yamal Novy Port terminal icebreaker   The tendering process for the Yamal Novy Port terminal icebreaker design and build contract has kicked off, seeing seven companies submit bids for the project, IAA PortNews reported.  


Aker Arctic Acquires Canada’s Akac

Photo: Aker Arctic

Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations.   According to Aker Arctic Technology


CFO Theisen Quits Aker Philadelphia

Jeffrey Theisen

  Aker Philadelphia Shipyard ASA announced today that its Chief Financial Officer, Jeffrey Theisen, is resigning from his position later this month to pursue other career opportunities outside of shipbuilding and shipping. Art Whittemore, who was previously CFO of Gamesa USA


Aker Solutions Wins Offshore Mexico Order

Courtesy Aker Solutions

  Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. Aker Solutions will deliver electro-hydraulic steel tube umbilicals of about 73 kilometers (45 miles)


Aker Philadelphia Appoints New CFO

Photo: Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015. Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with 10 facilities






 
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