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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


Aker Maritime, Aker RGI In Assets Deal

Aker Maritime is reportedly taking full control of Aker Geo from industrial holding company Aker RGI.


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.


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


Sovcomflot Orders 3 Icebreaking Vessels from Arctech

Three Icebreaking Stand-by vessels for Sovcomflot

  Arctech Helsinki Shipyard signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be built for the North East Sakhalin Offshore region oil and gas field where they will serve the operator of Sakhalin-2


Aker Solutions to Lease 31,100 sq.m Aberdeen Office

David Currie: Photo Aker Solutions

"This move is a long-term investment for us and underlines our commitment to Aberdeen and our customers in the area," said David Currie, Aker Solutions' regional head in the UK. "The new offices will provide high-quality facilities and enable us to bring the majority of our


Rune Olav Pedersen Takes Over Corporate Communications in PGS

  PGS' General Counsel Rune Olav Pedersen's role is expanded to also include the following departments from Corporate communications; investor relations (IR), internal and external communications, corporate marketing and customer relations


The World's Most Expensive Jones Act Tanker

courtesy of VesselsValue.com

The series highlighting the world's most expensive active vessels from online ship intelligence and information service VesselsValue.com focuses this week on the most expensive tanker vessel, which is not a VLCC but a Jones Act aframax. The first-in-class double hull tanker Liberty Bay is an


UK Suppliers Win Statoil Contracts

Gunnar Breivik, managing director, Statoil Production (U.K.) Limited (Credit Statoil)

Statoil (UK) Limited has awarded Aker Solutions UK with the maintenance and modification services contract for the Mariner field.  Likewise, the offshore services contract was awarded to Stork Technical Services Limited (UK). Aker Solutions will perform the services for the Mariner field


Statoil Awards Mariner Contracts to UK Suppliers

Gunnar Breivik, managing director, Statoil Production (U.K.) Limited

  Statoil (U.K.) Limited has awarded the maintenance and modification services contract for the Mariner field to Aker Solutions UK.  The offshore services contract has been awarded to Stork Technical Services Limited, also based in the UK.


Norway Offshore MMO Slowdown: Aker Helps Redundant Workers

Working offshore: File photo

Aker Solutions says it is transferring employees to a new subsea engineering hub in Stavanger and using the Aker Advantage recruitment agency to find work for more than 200 employees impacted by the slowdown in Norway's offshore maintenance and modifications market.


Aker Subcontracts RDS for Statoil FEED Work

RDS, a rig design and engineering subsidiary of international drilling contractor KCA Deutag, has been awarded a $10 million contract to carry out front-end engineering design (FEED) work on Statoil’s Johan Sverdrup development in the Norwegian North Sea.


Philly Tankers Step Closer to Its First Vessels

Philly Tankers Step Closer to Its First Vessels

  Following the announcement of 10 June 2014 by Aker Philadelphia Shipyard ASA  (AKPS) Philly Tankers had successfully secured equity commitments necessary to finance the purchase of two product tankers from AKPS with deliveries in 2016 and 2017.


Aker Solutions Reports Earnings Prior to Split

Offshore work: Image credit Aker Solutions

Aker Solutions reports its second-quarter 2014 earnings ahead of its plan to split into two companies at the end of September 2014. One company will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas.


Aker Philadelphia Shipyard : Buyback Program of Own Shares

 Aker Philadelphia Shipyard

The Board of Directors of Aker Philadelphia Shipyard ASA has resolved to initiate a buyback program for up to 10% of the Company's share capital. The decision reflects the Company's focus on maximizing shareholder returns over time, its strong financial position


Aker Philadelphia Shipyard to Pay Dividend

Aker Philadelphia Shipyard

  ]On July 16, 2014, the Board of Directors of Aker Philadelphia Shipyard ASA (Oslo: AKPS) resolved to pay a dividend to the shareholders of AKPS as of expiry of July 22, 2014, of NOK 1.5 per share, in aggregate NOK 18,862,149. The resolution was made pursuant to an authorization granted


Aker Philadelphia Shipyard ASA : Purchase of own shares

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  Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.64 per share with a total consideration of NOK 346,190. Following the transaction, AKPS holds a total of 2


Aker Philadelphia Shipyard ASA: Purchase of own shares

Logo

  Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,465 shares in the Company on Oslo Axess at an average price of NOK 158.68 per share, implying a total consideration of NOK 232


Aker Philadelphia Shipyard Accepts Shares Tendered

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  Reference is made to the open market partial tender offer for up to 650,000 shares of Aker Philadelphia Shipyard ASA announced on 7 August 2014.   Pursuant to the offer, only a limited number of shares were tendered to the company






 
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