STX Finland announced a number of management changes, citing the challenging market situation. The primary target set for STX Finland is profitable operation. In 2011 this target was achieved, and now the focus is strongly on how similar development could also be secured over the years to come. By consolidating sales and marketing into a corporate level activity, STX Finland strengthen and increase the efficiency of its strategic targets which main focuses are diversification, differentiation and customer relationship management. Appointments and special areas of responsibility: - Timo Suistio has been appointed EVP, CMO of STX Finland. He is tasked with enhancing the functioning capacity of sales and marketing and boosting the order book of the shipyards to ensure long-term operation of the company. - Jari Anttila has been appointed EVP, COO of STX Finland. He is tasked with ensuring cost-efficient implementation of company projects, exploiting the resources of both Turku and Rauma shipyards. Mr Anttila will also continue as Director of the Turku Shipyard. - Suistio and Mr Anttila will report in their duties to President and Chairman of STX Finland Oy, Mr Su-Jou Kim. - Toivo Ilvonen has been appointed Director of the Rauma Shipyard. - Tapani Pulli has been appointed Deputy Director of the Turku Shipyard. He will also continue as Vice President, Strategic Planning.
STX Finland Oys Rauma Shipyard sees the naming & delivery of the new ferry to Suomen Lauttaliikenne Oy (Finferries). The godmother of the next generation road ferry, Professor Elina Pirjatanniemi, named the ship Stella in the presence of invited guests, the representatives of Suomen Lauttaliikenne, STX Finland, and the classification society Bureau Veritas. The environmentally friendly double-ended ferry, NB 1380
On 8 April 2011, STX Finland Oy and Finferries signed a contract for the construction of a Double Ended Ferry to operate in Finland, Turku Archipelago. The ship will be built on STX Rauma shipyard and it will be delivered at the end of 2012. The ship will be 65 metres in length and 12.8 metres in breadth. The construction of the environmentally friendly ferry will bring some 100 man-years of work to STX Rauma shipyard personnel and the personnel of its supplier network
STX Finland is now lobbying the Finnish government on behalf of Royal Caribbean in a bid to get contract for third 'Oasis-class' cruise ship. A loan would help facilitate a deal to avoid Royal Caribbean building its third Oasis-class cruise ship in Germany or France. STX Finland's chief operating officer Jari Anttila commented on the importance of getting a deal done, "We have asked the government to reconsider the financial settlement."
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The t well intervention vessels with deadweight of 31,000 tons will have a length of 122m and a width of 45m. The vessels are designed to operate in rough open sea conditions on Brazilian continental shelf
STX Finland's Rauma Shipyard celebrated the launch of the special purpose vessel ordered by the Ministry of Fisheries and Marine Resources of the Republic of Namibia. Representatives of the owner, classification society Bureau Veritas and STX Finland were present. Newbuilding No. 1378, RV Mirabilis, measures 62 meters in length and, upon completion, will operate as a research vessel, gathering information on fish stocks and their living environment
On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX's Turku shipyard. The Castoro Sei is a 152 metres long and 70.5 metres wide semisubmersible pipelay vessel, owned by Italian offshore company Saipem S.p.A. She is currently deployed in laying the pipeline for the Nord Stream project
German cruise ship builder strengthens its yards. MEYER WERFT joins forces with the STX Finland shipyard in Turku. Following weeks of negotiations the Finnish Government and MEYER WERFT signed a share purchase agreement with the current owner STX Europe. With its 70% stake MEYER WERFT takes the industrial leadership of the new company. At present some 1,300 employees and a specialized supplier network are involved in the construction of the cruise ship Mein Schiff 4 for the
On Friday May 9, 2014, STX Finland Oy’s Rauma Shipyard handed over a next-generation offshore patrol vessel to the Finnish Border Guard. The vessel was christened Turva by her godmother, Minister of the Interior Päivi Räsänen, in the christening and float-out ceremony held on August 2, 2013. The technically advanced and highly versatile 96 meters long and 17 meters wide offshore patrol vessel will be used for frontier supervision, maritime search and rescue (SAR)
On Wednesday, April 4, 2012, the STX Finland Rauma Shipyard delivered a polar supply and research vessel to the South African government's Department of Environmental Affairs. Newbuilding 1369, S.A. Agulhas II is a multipurpose vessel which, among other tasks, operates as a supply, research and passenger vessel, as well as an icebreaker. Representatives from the client, the South African Government's Department of Environmental Affairs, as well as the Embassy of South-Africa in Finland
Arctech Helsinki Shipyard is now 100 percent Russian-owned as United Shipbuilding Corporation bought the remaining half of the company’s shares from STX Finland Oy. Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50
Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday. STX Europe belongs to Korean STX. The Turku shipyard specialises in building cruise ships and has
Finland headquartered Navis Engineering says that recently completed sea trials by the 99,430 gross tons cruise ship Mein Schiff 3 have confirmed the high performance of its dynamic positioning (DP) control system, Navis Nav DP4000.
On June 4, 2013, STX Finland and the Norwegian passenger ship company Fjord Line AS signed a contract on conversion of Fjord Line’s cruise ferry. The steel production for the conversion project began January 10, 2013. In connection with the rebuild of MS Bergensfjord
On Thursday 22 May 2014, STX Finland Oy’s Turku Shipyard handed over the first newbuild to TUI Cruises. Mein Schiff 3 is a sophisticated and highly innovative cruise ship, designed for the German premium-class cruise market. With the production started in November 2012
Sakhalin Energy and Sovcomflot (SCF) inform they have agreed to extend their co-operation having signed a number of agreements for construction and long-term operation of support vessels for the Sakhalin-2 project. SCF explain that the vessels will be used as year-round personnel carriers and
The companies have signed a number of agreements for construction and long-term operation of the vessels for Sakhalin-2 project. At an official ceremony in Moscow, Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on behalf of Sovcomflot Group have
On 25 February 2014, approximately nine months after the keel laying of TUI Cruises’ first newbuilding Mein Schiff 3, TUI Cruises and STX Finland celebrated the keel laying of Mein Schiff 4 in the Turku shipyard. Following the old shipbuilding tradition
A Finland government owned investment company, Finnish Industry Investment Ltd, has today purchased a 66.4 per cent majority stake of the shares of Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker explain that In recent months the Ministry of Employment and the Economy has been
The float-out of Mein Schiff 3, an environmentally friendly cruise ship being built for TUI Cruises, was performed at STX Turku Shipyard on Friday, November 8, 2013. At the press conference held at STX Finland Oy’s Turku Shipyard earlier the same day, Richard J
STX Finland has been actively seeking solutions for saving the Finnish shipyard industry. In September 2013, the company launched a major restructuring aimed at safeguarding the operating potential of the company and, by extension, the entire maritime industry in Finland
The Russian state-owned shipbuilding firm USC has confirmed it will take full ownership of the financially challenged Arctech Helsinki shipyard from its current owner, the Korean company STX, according ot the Finnish newspaper Yle. United Shipbuilding Corporation (USC) already holds a 50 percent
As part of the restructuring of STX Finland, current operations at the Rauma Shipyard will be ramped down and functions shifted to the Turku Shipyard. Like other European shipyards, the Finnish shipbuilding industry is suffering the effects of the recession in the global economy; an increase in
STX Finland, which has seen a deterioration of its shipbuilding base for many years, today announced its latest plan to stem the flow of red ink: a phase out of the Rauma shipyard. Senior management cited the continued bad global economy in the wake of the economic meltdown of 2008 as the
STX Pan Ocean Co., the country's leading bulk carrier, said that CEO Kang Duck-soo (who is also chairman of the STX Group) has resigned as the shipper has been under court receivership since June amid a deepening liquidity crisis, reports Yonhap.