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.