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
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
STX Finland Oy and Viking Line ABP signed an agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The contract price is about $315m. The ship will be built at shipyard and will be delivered to Viking Line at the beginning of 2013. The signed agreement represents approximately 2600 man-years employment. The new cruise ferry will be the most environmentally friendly big passenger
STX Finland Oy has signed a contract for the construction of two large offshore modules for the North Sea. The modules will be delivered from STX Finland´s Turku Shipyard at the end of year 2012. The project will bring some 250 man-years of labour to Turku Shipyard. The construction of these two large modules with overall dimensions of approximately 63m x 52m x 47m and 40m x 45m x 13m will start during spring 2012
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.
The offshore patrol vessel UVL10, currently being built for the Finnish Border Guard at STX Finland Oy’s Rauma shipyard, was named Turva at a festive naming and launching ceremony on Friday 2 August. Minister of the Interior Päivi Räsänen acted as godmother for the
Scandlines and STX Finland Oy have today signed a Letter of Intent (LOI) for building two new ferries for the route Rostock (Germany) – Gedser (Denmark) for delivery in spring 2015. The project will bring some 1000 man-years of work for STX Finland and its subcontracting network.
The STX Turku Shipyard in Finland recently lost the order for a third Oasis class cruise ship and an option for a fourth to ”sister” shipyard STX France, when neither the owner, the financially troubled STX Group, nor the Finnish government wanted to inject a missing $64
The Finland PM is hopeful that a strong new owner can turn around the prospects of the cash-strapped Finnish shipyards. This past week, the South Korean parent company STX announced it plans to sell off the Rauma and Turku shipyards as well as its half-share in the Helsinki shipyard
Arrangements have been made to ensure that the Turku shipyards of STX Finland will be able to deliver two ships ordered by the German TUI cruise line, Finland’s Ministry of Employment and the Economy said on Friday. The two cruise liners are slated for a 2014-2015 completion date.
TUI Cruises President and CEO Richard Vogel is in Finland this week reviewing the status of the construction of the company’s two ship orders, Mein Schiff 3 and Mein Schiff 4, and provided an update. Mr. Vogel noted that construction on Mein Schiff 3 at STX Finland is now 25% complete
Arctic offshore vessel NB 507 has been named after Russian Navigator Aleksey Chirikov at Arctech Helsinki Shipyard. The vessel will be delivered to the largest Russian shipping company Sovcomflot shortly and will continue its path straight to Sakhalin area in Far East Russia