A new Board of Directors has been elected for Kvaerner Masa-Yards Inc.. Chairman: Leif-Arne Langøy (President and CEO, Aker Kvaerner Yards AS) Members: Jorma Eloranta (President and CEO, Kvaerner Masa-Yards Inc.), Karl Erik Kjelstad (Executive Vice President, Aker Kvaerner Yards AS), Oddvar Slettevold (Executive Vice President, Aker Kvaerner Yards AS) and Trond Ø. Westlie (Chief Financial Officer, Kvaerner ASA). Aarne Ukkola and Jorma Malinen continue as representatives of the personnel.
A separate company, Piikkio Works Oy, has been established under Kvaerner Masa-Yards Inc. as a result of transfer of assets. The new company continues as of January 1, 2002, the operations of Kvaerner Masa-Yards Piikkio Works, which previously was a separate business unit within Kvaerner Masa-Yards Inc. The reason for incorporating the company is the independent and different nature of Piikkio Works business activities as a builder of prefabricated cabin and bathroom modules.
The Aker Kvaerner Group has published its results for period of January-September 2003. Kvaerner Masa-Yards Business Area produced for this period an EBITA and operating profit of EUR 73 million (575 MNOK) and a net sales of EUR 625 million (4.930 MNOK). Compared with the same period of 2002, net sales decreased by 20,0% and operating profit increased by 10,7%. "Kvaerner Masa-Yards' financial performance has been very satisfactory
Wärtsilä won an order for four engines for installation on the first Sakhalin ice breaker to be built by the Kvaerner Masa-Yards shipyard in Finland. The vessel will be equipped with three 8-cylinder Wärtsilä 38 main engines in diesel electric drive and an additional 6-cylinder Wärtsilä 20 engine to power a harbor/emergency generating set. Kvaerner Masa-Yards has been commissioned to design and build the icebreaker by the Russian Far-Eastern Shipping Company PLC (FESCO)
Kvaerner Masa-Yards, part of Aker Yards, announces that it has agreed with Royal Caribbean Cruises Ltd. to extended an option to purchase a second Ultra Voyager ship, scheduled for delivery in 2007. Royal Caribbean and Kvaerner Masa-Yards Inc., have agreed to extend the option to September 30, 2004. The option was to have expired on August 31, 2004.
TTS Ships Equipment AB, a subsidiary of Norway’s TTS Group will deliver specially designed and built cargo access gear for installation aboard the Ultra Voyager cruise vessel, currently under construction at the Kvaerner Masa Yard in Finland. At about 160,000 grt, the new vessel will be the largest cruise vessel ever built. This is the first of the Ultra Voyager Class of cruise liners built by Kvaerner Masa, TTS Ships Equipment having supplied similar systems to all five of the previous
Carnival Corporation contracted with Finland's Kvaerner Masa-Yards for the construction of a new 86,000-ton cruise ship for its Carnival Cruise Lines unit. The 2,124-passenger vessel, the fourth in Carnival's "Spirit-class," will cost approximately $375 million and is expected to enter service in spring 2004. To be named Carnival Miracle, the new vessel will join sister ships Carnival Spirit, set to debut April 29, 2001, and Carnival Pride and Carnival Legend
German shipyard SSW Fähr- und Spezialschiffbau GmbH from Bremerhaven and Kvaerner-Masa Yards, Piikklö Works have signed a contract for the delivery of prefabricated cabins for two passenger/car ferries. The ferries will be sent to German shipowner TT-Line for operation on the Baltic Sea.
The cruise vessel, Costa Mediterranea, under construction for Costa Crociere S.p.A. by Kvaerner Masa-Yards Inc., will be equipped with AV products by Radio Holland Marine (Rotterdam). The large order includes CCTV, stabilized satellite TV dishes, head-end equipment and a complete TV distribution system. Radio Holland has an AV department in Rotterdam that specializes in AV systems, engineering, installing and commissioning these entertainment systems on board of ships.
Carnival Corp. (CCL) and ABB Industry Oy, Marine Group, a unit of the ABB Process Industries, reached a settlement in December regarding a malfunction in the propeller bearing system of one of the Azipod propulsion units that occurred last July on Carnival Cruise Lines' cruise ship, Paradise. CCL currently has Azipod propulsion installed on three of its cruise ships with similar systems ordered for three additional vessels
After the acquisition of 66.4% of the shares by Finnish Industry Investment Ltd (fully owned by the State of Finland) Aker Arctic Technology Inc.’s extraordinary shareholders’ meeting today appointed the new Board of Directors for the company.
Capilano Maritime Design Ltd., a naval architecture design firm based in North Vancouver, BC, Canada announced that John Huntingford has recently joined the firm as Senior Structural Designer. Huntingford gained experience in the maritime industry as an Outfit Designer for Kvaerner Masa Marine
Carl-Gustaf (Calle) Rotkirch, a 32-year maritime industry veteran, has been named Chairman and Chief Executive Officer of the Grand Bahama Shipyard, Ltd., effective August 1, 2008. In this capacity, Rotkirch will oversee all operations of the shipyard
Kronodoc Oy signed a purchase contract with Aker Finnyards Inc., the former Kvaerner Masa-Yards Inc. In addition to the delivery of the Kronodoc product, the contract includes services to implement the Kronodoc product in document management and collaboration functions throughout Aker Finnyards`
The announced merger of Kvaerner Masa-Yards and Aker Finyards — both members of the Aker Yards Groups — draws to a conclusion nearly a decade of change within the Finnish shipbuilding community, while providing the technically talented and market capable company with a clear vision for the future
Royal Caribbean International Ltd. and Kvaerner Masa-Yards Inc. have agreed on a revitalization project, including a midbody lengthening, for the luxury cruise ship M/S Enchantment of the Seas. The project has been developed by Kvaerner Masa-Yards Inc.'s Customer Service Division.
Kvaerner Masa-Yards Inc. (KMY), signed a conditional contract with FS Ocean Club Ltd., managed by Ocean Development Group, to design, construct and deliver an approximately 42,500 Gross Ton luxury residential ship to be branded, managed and operated by Four Seasons Hotels and Resorts
Wärtsilä Corporation has been awarded a contract by Kvaerner Masa-Yards Inc in Finland to supply six Wärtsilä 12V46 as prime movers for the main generating sets for the Ultra Voyager cruise ship recently ordered by Royal Caribbean Cruises Ltd (RCL).
(Photo Credit: Richard Grable) Cruise vessels will take center stage at the SMM 2004, 21st Shipbuilding, Machinery & Marine Technology, International Trade Fair Hamburg, which is to take place at the Hamburg Fair site from 28 September to 2 October.
Carnival Cruise Lines has taken delivery of its 20th Fun Ship, the 2,124-passenger Carnival Miracle. The delivery took place during traditional handover ceremonies in Helsinki at Kvaerner Masa-Yards, the Finnish shipyard that constructed the massive $375 million SuperLiner.
On September 5 Kvaerner Masa-Yards Inc. and Far-Eastern Shipping Company PLC (FESCO) signed shipbuilding contracts for the design and construction of two icebreaking stand-by and supply vessels, subject to approval by the Central Bank of Russia
Kvaerner Masa-Yards (KMY) has signed a cooperation and licensing agreement for its newly developed and implemented automatic vision guided robot welding system with Pemamek Oy Ltd, a recognized Finnish welding automation supplier operating in international markets with main
Ilkka Niemi has been appointed Member of the Board of Directors of Kvaerner Masa-Yards Inc.. Niemi, a Finnish citizen, has broad Finnish and international industry experience. During the years 1989-1997 he was Managing Director and Member of the Board of the Finnish Guarantee Board
The Ultra Voyager will be Roughly 15 percent larger than Voyager (pictured above), the Ultra Voyager will be 126 ft. by 1,112 ft. Royal Caribbean Cruises Ltd. has ordered the Ultra Voyager for delivery in May 2006. Destined for the Royal Caribbean International fleet
Subsequent to evaluation by ExxonMobil, operator of the Sakhalin-1 project in Russia, Kvaerner Masa-Yards Inc., Finland, and Far-Eastern Shipping Company PLC (FESCO), Russia, have signed contracts for the design and construction of two icebreaking stand-by and supply vessels for the Sakhalin-1