Meyer Werft joins forces with STX Finland

marinelink.com
Monday, August 04, 2014
photo: courtesy Meyer Werft

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 German cruise operator TUI Cruises from Hamburg. TUI Cruises just announced to order another two ships of this class in Turku. STX Finland is a specialist in the construction of cruise ships and a yard that holds exceptional technological know-how.  
 
As Dr. Jan Meyer, managing partner of MEYER WERFT, explained, " This acquisition will strengthen the yards in Papenburg, Turku and Rostock: With joining forces with Turku we can offer more flexibility to our customers. In addition both shipyards respect each other for their high level of professionalism and thus can learn a lot from each other in order to improve their working processes or to join forces on research & development. We are confident that in this way we can create a good opportunity for the Finnish maritime cluster to thrive and also hope to interest many young people to join us for building the future high-tech ships."
 
The acquisition is still subject to clearance by the antitrust authorities and banks. The plan is to rename the company STX Finland Oy to Meyer Turku Shipyard Oy.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Rolls-Royce to Design, Equip Stern Trawler for Ramoen

The Armon shipyard in Gijón, Spain has entered into a contract to build a new Stern Trawler for the Norwegian fishing company Ramoen. The vessel will be a Rolls-Royce design,

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Austal Launches 5th CCP Boat

Austal launched yesterday its fifth in-series Cape Class Patrol Boat (CCPB) at the Company’s Australian Defence Facility in Henderson, Western Australia. Cape

Ship Repair & Conversion

USS Constitution Not to Set Sail Until 2018

The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into

NSPR Set to Reduce Weld Distortion

Since weld distortion is a very costly problem for U.S. shipyards, the National Shipbuidling Research Program (NSRP) has embarked on a project to reduce weld

Liebherr Delivers Two Carnes to Indian Shipyard

Liebherr-Werk Biberach GmbH delivered two cranes for permanent use in a Lavgan Dockyard in India. The two 200 EC-H 10 FR.tronic top-slewing cranes will be used

Cruise Ship Trends

Kiel's 2014 Cruise Shipping Season Ends

Expanded terminal capacities created at Berth 1 This year’s cruise shipping season in Kiel closes on the evening of October 18 when the AIDAcara sets sail for the Canary Islands.

Cruise Ship Passenger Isolated Due to Ebola Risk

A Texas hospital employee who may have handled lab specimens from an Ebola victim has entered voluntary isolation on board a Carnival cruise ship in the Caribbean.

APM Completes $2m Refit Ahead of Schedule

Atlantic Pacific Marine has completed the $2 million refit of the Crystal Symphony three days ahead of schedule. A team of 130 men worked around the clock while

Ship Sales

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Venezuela's PDVSA Puts Six Tankers Up for Sale

Venezuelan state oil company PDVSA said on Friday it is selling four crude tankers and two liquid petroleum gas (LPG) tankers that are currently inactive, amid a broader plan to modernize its fleet.

Maersk Supply Service Orders Six Offshore Vessels

Maersk Supply Service, a unit in Danish conglomerate A.P. Moller-Maersk, said on Thursday it has placed an order for six new large anchor-handling tug supply vessels from Kleven Maritime in Norway.

Finance

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

No Merger of Yara & CF Industrie

Yara International ASA and CF Industries have terminated their discussions regarding a potential merger of equals transaction. "This has been a constructive process,

Hurricane Ana Heads towards Hawaii

Tropical Storm Ana strengthened into a hurricane on Friday and was moving in the direction of Hawaii but was not expected to make a direct hit on the islands, the U.

Passenger Vessels

Obama Appoints Ebola 'Czar'; Texas Health Worker Isolated on Ship

President Barack Obama appointed a former White House adviser as U.S. Ebola "czar" on Friday as the global death toll from the disease that has hit mostly three

Kiel's 2014 Cruise Shipping Season Ends

Expanded terminal capacities created at Berth 1 This year’s cruise shipping season in Kiel closes on the evening of October 18 when the AIDAcara sets sail for the Canary Islands.

Ferry Vital Link for Island off Taiwan

Nearly 13,000 people inhabit the four-by-two-kilometer Linqiu Island located about 7.5 nautical miles southwest of the Donggang on the main island of Taiwan. Primarily fishermen,

Naval Architecture

Rolls-Royce to Design, Equip Stern Trawler for Ramoen

The Armon shipyard in Gijón, Spain has entered into a contract to build a new Stern Trawler for the Norwegian fishing company Ramoen. The vessel will be a Rolls-Royce design,

COWI NA Merges its Marine Companies

Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc. merger creates new player in the North American marine engineering market COWI North America, Inc.

The Hydroptere Flies with Finesse

The hydrofoil trimaran Hydroptere will try for another nautical record with support from biotechnology leader Finesse Solutions After a year resting in Long Beach,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1700 sec (6 req/sec)