Ole Heggheim News

Ole Heggheim, Chief Financial Officer and executive vice president of STX Europe, has decided to resign from his position. Byung-Ryun Woo has been appointed as new CFO, and Hans-Jørgen Wibstad has been appointed as senior vice president for Performance, Budget and Control. Byung-Ryun Woo comes from the position as CFO with STX Panocean in South Korea. Hans Jørgen Wibstad comes from the position as managing director for DFDS Lys Line AS.  He has held several CFO and management positions within shipping, offshore and banking. (www.stxeurope.com)

Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70 percent shareholder in three shipyards in Germany and Ukraine. The agreement has been approved by all relevant regulatory authorities. The transaction strengthens Aker Yards' financial capacity and liquidity, and it improves the potential for further development of the three involved yards. Aker Yards ASA has consisted of 18 shipyards around the world. At 25 March 2008, the group announced that it intended to take the Russian controlled company FLC West in as a majority shareholder in Aker Yards Ukraine Holding AS which owns the Okean shipyard in Ukraine and the shipyards in Wismar and Warnemünde in Germany.