Helsinki Shipyard Acquisition Wrapping Up
The acquisition of the current Arctech Helsinki Shipyard in Finland will be finalized in May, the involved parties say, having agreed to transaction terms on May 9.In preparation for the closing, current owner Arctech Helsinki Shipyard Oy (AHS) said it has established a new company, Helsinki Shipyard Oy, which will receive the transferred assets and operations from AHS and continue shipbuilding at the shipyard. AHS will then sell 100% of Helsinki Shipyard Oy’s shares to Algador Holdings Ltd.…
Icebreaker Launched for Sovcomflot
On June 30, 2016 a new icebreaking supply vessel (IBSV) was launched for Sovcomflot as part of a long-term agreement with Sakhalin Energy. Due to be delivered in the fourth quarter of 2016, this reinforced ice class vessel has deadweight of 3,000 metric tons and an Azipod propulsion system with a power rating of 13 MW. The icebreaker is the first of four vessels that Sovcomflot has on order from United Shipbuilding Corporation (USC) for operations at the Sakhalin-2 project. The vessels are being constructed by USC-affiliated shipyards Vyborg Shipyard and Arctech Helsinki Shipyard Oy. The construction of all four vessels began in 2015.
Metso Wins Major Automation Contracts for Advanced Ships
Metso has been awarded major automation system contracts for 3 advanced vessels to be built in Finland. One contract is for 2 Multifunctional Icebreaking Supply Vessels (MIBSV) by Arctech Helsinki Shipyard Oy for Russian Sovcomflot. The second is a Multipurpose Deck Cargo Carrier by STX Finland Oy for Finnish Gaiamare Ltd. belonging to Turku based Meriaura Group. The MIBSV’s are designated for the Sakhalin-1 Arkutun-Dagi gas field and will be used as supply vessels for the Exxon Neftegas Ltd gas platform. They are designed for the harsh environmental conditions in the Sakhalin area with drifting ice and temperatures down to minus 35°C.
STX Finland, USC Announce Arctic Shipbuilding JV
STX Finland Oy and United Shipbuilding Corporation (USC) have formed a joint venture company, which will specialize in arctic shipbuilding technology. An agreement for the formation of the new company, Arctech Helsinki Shipyard Oy, was signed today in in a meeting with the Russian Prime Minister Vladimir Putin and the Finnish Prime Minister Mari Kiviniemi. According to the agreement both founding companies will hold equal shares of Arctech Helsinki Shipyard Oy. The new company will purchase the shipyard from STX Finland. The joint venture will focus on arctic maritime technology and shipbuilding and will unify Russian and Finnish Maritime clusters. It will start building highly specialized vessels such as icebreakers and other icebreaking special vessels.
