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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


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


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.


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


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


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


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


Deltamarin Contributes to Arctic Carrier Design

Image: Aker Arctic

Deltamarin Ltd. has provided Aker Arctic Technology Inc. with design services for two polar class heavy deck carrier ships intended for carrying heavy project cargos in large modules to Yamal LNG plant construction site on the Russian Yamal peninsula.


Aker Not to lay off Staff

Aker Solution

  Norwegian broadcaster NRK today reported that Aker Solutions' fabrication yard in Egersund, Norway, will be letting 1,500 temporary workers go after the new year. While it is common practice at the yard to adjust the temporary workforce to existing activity levels


Nerbovik Named CEO of Aker Philadelphia

Kristian Rokke

Aker Philadelphia Shipyard ASA announced that its board of directors has appointed Steinar Nerbovik as president and CEO of Aker Philadelphia Shipyard ASA effective today. Nerbovik has served as the company's managing director for the past seven months and was previously the company's senior vice


Aker Wayfarer to be Modified for Subsea Work

Aker Wayfarer (Image courtesy of Rolls-Royce)

Kleven’s Myklebust Verft in Gursken, Norway, has signed a modification contract with Ocean Yield ASA, a ship owning company with investments within oil-service and industrial shipping, to convert the Aker Wayfarer into a deepwater subsea equipment support vessel (SESV)


Svanevik Elected to Seadrill Board

Seadrill Limited announced today that Carl Erik Steen has resigned from the board of directors with immediate effect. Filling the position is Ørjan Svanevik, who was appointed by the board of directors to fill the vacant position starting immediately.


Aker Evaluating Future of US Shipyard, ASC

Aker Philadelphia Shipard view: Image courtesy AKPS

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto investment vehicle said in a statement released late on Monday. Converto, the top owner of both Aker Philadelphia Shipyard and


Aker Solutions Starts Trading After Company Split

The split creates a simpler and more focused Aker Solutions that is better positioned to meet the needs of customers in an increasingly competitive global energy industry

  Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance


Aker Solutions Demerger Registered

Photo: Aker Solutions / Rolf Estensen

The consummation of the demerger of Aker Solutions ASA (the existing Aker Solutions) was registered with the Norwegian Registry of Business Enterprises after the close of trading on the Oslo Stock Exchange on September 26, 2014. The separation of Aker Solutions into two independent companies


Keel Laid for Crowley Jones Act Tanker

Photo: Crowley

First of four Crowley tankers celebrated in keel laying ceremony at Aker Shipyard The first of four Crowley Maritime Corp. product tankers was celebrated today in a keel laying ceremony held at Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S


Aker Wayfarer Wins 5-Yr Contract from Petrobras

Photo  Aker Solutions

  Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a


'Aker Wayfarer' Wins Petrobas Subsea Contract

Skandi Aker OSV: Photo Aker Solutions

Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) says it has won a contract worth US$465-million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a


PALFINGER Sells Offshore Crane Package to Aker Solutions

PALFINGER MARINE has sold a package of three travelling cranes and two foldable knuckle boom cranes to Aker Solutions for the use at the Mariner platform. The Mariner platform will be established at the Mariner field, which is located on the East Shetland Platform of the U.K. North Sea


Aker Solutions Update on Company Hive-Off

Image courtesy of Aker Solutions

Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split of the business at the end of September. Previous pro forma financial information was disclosed in the information memorandum of


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


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






 
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