Timo Suistio News

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. - 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.

On December 21, 2011, STX Finland Oy and the Finnish Border Guard signed an agreement on construction of a next generation offshore patrol vessel. The vessel will be built at the STX Rauma ship­yard and delivered to the customer in November 2013. The highly advanced vessel will be 96 metres long and 17 metres wide and will be capable of serving a large variety of functions. Construc­tion of the vessel will bring over 400 man-years of labour to STX Rauma shipyard person­nel and its supplier network. The domestic content of the project is estimated to be 90%. The main duty of the offshore patrol vessel is to operate in open sea patrol.

Start of Production of Double Ended Ferry at STX Finland Rauma Shipyard. On Tuesday, 13 December 2011, STX Finland Oy's Rauma Shipyard started a production of a Double Ended newbuilding no. 1380 for Finferries. The vessel will be delivered at the end of 2012. Construction of the 65-metre ferry will bring 100 man-years of labour to STX Rauma shipyard per-sonnel and the personnel of its supplier network. The start of the production was attended by representatives of Finferries, STX Finland, the classification society Det Norske Veritas, and members of the press.

On 25 August 2011 STX Finland Oy's Rauma Shipyard started the production of an innovative fisheries reseach vessel ordered by the Ministry of Fisheries and Marine Resources of the Republic of Namibia. NB 1378 will be delivered during the summer of 2012. The vessel will be approximately 62 mlong and give some 250 man-years of labour to the shipyard. The production start-up was attended by representatives of the Republic of Namibia, STX Finland Oy and classification society Bureau Veritas. The ship is a versatile and modern research vessel designed for Namibian fisheries research, and it meets the latest standardised performance criteria. Ensuring that the vessel meets these criteria requires careful design of the research systems, propulsion and power generation system.

STX Finland and STX Windpower are  starting a joint collaboration on turnkey windpark supply in Northern Europe, focusing on offshore sites in the Northern Baltic Sea region and onshore sites in Finland, Sweden and the Baltic states. A Letter of Intent was recently signed by both companies stating that STX Windpower B.V. supplies direct drive turbines and STX Finland completes the project on an EPCI basis. In addition to turnkey windpark supply, the joint offering also includes complete lifecycle support, including operations, maintenance, spare parts supply, retrofits, refurbishments and decommissioning. The collaboration also looks…

The acting President and Chairman of STX Finland, Mr Su-Jou Kim, has decided to reorganize STX Finland´s management group to improve the efficiency, synergies and competitiveness of STX Finland. Mr Jyrki Heinimaa has been appointed Executive Vice President and CFO (Chief Financal Officer) of STX Finland Oy. He will be responsible for the following functions: accounting & finance, communication, synergies and strategy. In addition Mr Heinimaa is responsible for the new business areas such as wind power. Mr Heinimaa has been with STX Finland in various management positions for 15 years. Mr Timo Suistio has been appointed Executive Vice President and COO (Chief Operating Officer) of STX Finland Oy and also shipyard director of the STX Rauma Shipyard.

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. The value of the contract will not be published.

Launching of the second car-passenger ferry, NB 1368 the Spirit of France, which STX Rauma shipyard is building for P&O Ferries, was conducted on Thursday, 17 February 2011. The vessel is a sister ship of the Spirit of Britain, which was handed over to the client in January 2011. The ceremony was attended by representatives of the client P&O Ferries and STX Finland, theclassification society Lloyd’s Register and media representatives, as well as numerous other guests invited by the shipyard and the ship-owner. As water was flooding the drydock, 1368 pieces of colourful balloons were released into the sky. “The construction of the Spirit of France continues as planned and at a rapid pace.

Launching of the second car-passenger ferry, NB 1368 the Spirit of France, which STX Rauma shipyard is building for P&O Ferries, was conducted on Thursday, 17 February 2011. The vessel is a sister ship of the Spirit of Britain, which was handed over to the client in January 2011. The ceremony was attended by representatives of the client P&O Ferries and STX Finland, the classification society Lloyd’s Register and media representatives, as well as numerous other guests invited by the shipyard and the ship-owner. As water was flooding the drydock, 1368 pieces of colourful balloons were released into the sky. “The construction of the Spirit of France continues as planned and at a rapid pace.

STX Finland Oy and Ministry of Fisheries and Marine Resources of the Republic of Namibia have, on 11.2.2011, signed a contract for the construction of a fisheries research vessel. The ship, with a contract value of approximately EUR 35 million, will bring some 250 man-years of labour to STX Finland’s Rauma shipyard, with delivery scheduled for spring 2012. This versatile specialized vessel will be approximately 62 metres long and will provide accommodation for 45 crew members and research personnel. The research vessel is specifically designed for the purposes of Namibian fisheries research. The vessel meets the latest standards set for this type of vessels requiring, in particular, special care in the design of laboratory equipment, propulsion and power generation system.

Wärtsilä has signed a contract with the STX Finland Oy shipyard in Rauma, Finland, to deliver four Wärtsilä 32 engines for a Polar Supply and Research Vessel. The owner of the vessel will be the Republic of South Africa's Department of Environmental Affairs, and it will be operated by SMIT Amandla Marine, of South Africa. The vessel's crew will be trained at the Wärtsilä Land and Sea Academy in Turku, Finland. "This vessel order is one of the biggest single trade agreements ever between Finnish industry and South Africa, and we hope it will lead to additional business.

STX Finland Oy and the South African Department of Environmental Affairs has signed a contract for construction of a Polar Supply and Research Vessel. The ship with a value of approximately $173m will bring some 600 man-years of work. The ship will be build in  the Rauma shipyard and it will be delivered in spring 2012. The ship will function as a multi-purpose vessel, serving, among other things, as a supply vessel, research vessel, icebreaker, expedition vessel, as well as a passenger ship.