New President of STX Finland
Juha Heikinheimo has resigned from the position as President of STX Finland Oy. He will be replaced by Su-Jou Kim, who currently holds the position as Chairman of STX Finland. Su-Jou Kim will be temporary acting President of STX Finland. Despite significant improvements during the last few months, STX Finland is going through very challenging times - in particular at the Turku shipyard - following the delivery of the "Allure of the Seas" in October 2010. Compared with its high shipbuilding capacity for cruise ships…
Landtman Out, Heikinheimo in at STX Finland
STX Finland Oy appointed Juha Heikinheimo as new President of STX Finland Oy. Heikinheimo will replace Martin Landtman. It has been agreed that Mr Landtman steps down from his position with immediate effect. While STX Finland in the last years has built and delivered some of the world’s most magnificent vessels, STX Finland has also experienced low order intake of new vessels, resulting in gradually lower activity level during 2009 and 2010. The Board of Directors of STX Finland therefore believes that it is necessary to make a change in the management. Heikinheimo (53), who will start in his new job immediately, has extensive experience from the shipyard industry and has previously worked for STX Europe’s Cruise & Ferry Business Area in France and Finland for more than four years…
Hatteland Display Extends Agreement with Furuno
Hatteland Display has announced that it has signed a three-year extension of its cooperation agreement with Furuno Finland OY. Under the agreement, Hatteland Display will continue to supply its high-resolution color displays and computers to Furuno Finland. "We have been cooperating with Furuno Finland OY for many years and we appreciate the professionalism and the good spirit of Furuno Finland very much", said Lars Skjelbred-Eriksen, VP Sales & Marketing of Hatteland Display AS.
IEA Pushes for Renewables and Nuclear Power
In a review of Finnish energy policies launched, the International Energy Agency praised Finland for its commitment to a sustainable energy future. With its energy-intensive industries and its cold climate, Finland’s energy consumption per capita is the highest in the IEA. Yet the IEA noted that Finland’s energy policy framework was broad and coherent, covering all sectors and paving the way for a more sustainable energy system in the longer term. “Finland is highly dependent on imported fossil fuels, making security of supply a priority,” IEA Executive Director Maria van der Hoeven said as she presented the report in Helsinki. The report…
STX to Carry Out Conversion on Multipurpose Cargo Vessel
STX Finland Oy and Gaiamare Ltd. have signed a conversion contract on extensive modification work on the multipurpose deck cargo vessel Aura I. Modification work will be executed at STX Finland Rauma Shipyard from late June to August, 2012. “The signed conversion contract clearly indicates that our customer has confidence in STX Finland being capable of delivering both demanding new building and conversion on customer’s existing fleet vessels at the same time,” said Juha Mäkinen, vice president of sales and marketing, STX Finland Lifecycle Services.
Findland Fairway Due Law
Based on the Finland Ministry of Transport and Communication’s maritime strategy, the Finnish parliament has announced a final and lawful decision on the new fairway due law as follows: - The new fairway due law is temporary, being effective 2015-2017 - New unit cost is 0.911 x NRT / call (Previously 1,045 x NRT / call) - Max fairway due is 22,250 € / call (Previously 44,500 € / call) - Tonnage due will be eliminated (Previously 0.1 x NRT, paid only on first call of the year) Financial impact on cruise lines, especially on those who have several calls during a season, is considerable. For informaiton about operations in Finland contact GAC Finland at email@example.com
ABB Celebrates 125th Anniversary in Finland
ABB is celebrating today its 125th anniversary in Finland. Founded in 1889 in Helsinki by entrepreneur and inventor Gottfrid Strömberg, ABB Finland is today an innovative automation and power technology company with more than 5,000 employees in 30 locations, with sales of 2.3 billion euros in 2013. “ABB Finland has been driving innovation in power and automation technologies for 125 years. Today, ABB Finland is one of our most dynamic and successful country organisations and we…
Cinia Lays New Helsinki-Rostock Submarine Data Cable
Finland-based Cinia Group began laying the new submarine Sea Lion data cable in Helsinki, Finland. The new fibre optic sea cable will provide a direct, low latency and cyber secure internet backbone connection between Finland and Germany. Linking Cinia's existing countrywide data network in Finland with network nodes in Central Europe, the new sea cable is expected to increase interest of data center operators and data intensive organizations to set up operations in Finland. "The sea cable initiative builds the future of Finland based on our existing strengths…
EC Approves Aid for Finland's First LNG Terminal
The European Commission has approved under EU state aid rules Finland's plans to grant €23 million to construct a small scale LNG terminal at Pori on Finland's west coast. The European Commission has concluded that Finland's plans to grant €23 million of public funding for the construction of a small scale LNG terminal at Pori, in the Satakunta region on Finland's west coast, are compatible with EU state aid rules. The project aims to encourage the use of LNG as fuel for ships, in place of fuel oils and liquefied petroleum gases.
Sale of Finland's STX Shipyards Offers Opportunities
The Finland PM is hopeful that a strong new owner can turn around the prospects of the cash-strapped Finnish shipyards. This past week, the South Korean parent company STX announced it plans to sell off the Rauma and Turku shipyards as well as its half-share in the Helsinki shipyard, reports yle UUTISET Finland, while Prime Minister Jyrki Katainen considers that the looming sale of the STX shipyards in Finland represents a major opportunity. Meanwhile the aid package granted to the Turku shipyard for the construction of two cruise liners for the German company TUI will go ahead, according to yle UUTISET Finland, citing Minister of Economic Affairs Jan Vapaavuori who informs that construction will be completed as planned, despite STX's plan to sell the shipyard.
TTS Wins Translifter Contract
Finland’s TTS Liftec Oy, Tampere, part of the Port and Material Handling Division of Norway’s TTS Marine ASA, Bergen, has won a contract to supply two ports in northern Europe with Translifters for new Transfennica services from Finland. Transfennica, one of Finland’s largest shipowners, uses cassettes as part of the loading/unloading operation for cargoes throughout Europe. As from January 1, Transfennica is starting new services between various ports in Finland, the largest being Hanko, Hamina and Rauma, to Rostock (Germany) and Gdynia (Poland). In both ports, the cargo handling companies – Poland’s Idal Group in Gdynia and Germany’s MSB in Rostock, have ordered two Translifters each from TTS Liftec.
Wind Power Deal for Rauma
On December 20, 2011, STX Finland Oy and VentusVis Oy signed a letter of intent, the purpose of which is to develop wind park for the city of Rauma on Finland’s west coast. The goal is to get building permissions for three wind turbines within the UPM Rauma mill site and one within the area of the STX Rauma Shipyard. VentusVis Oy is a company which develops land assets owned by UPM suitable for wind power investments and STX Finland Oy offers construction, user, maintenance and lifecycle services for wind parks. VentusVis Oy is a joint venture between UPM-Kymmene Oyj and TuuliSaimaa Oy. It aims to convert land assets owned by UPM suitable for wind power production. STX Finland Oy’s long-term goal is to develop into a turnkey deliverer of offshore wind parks in particular.
STX Finland Management Changes
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.
Negotiation to Save Finnish Shipyard Completed
STX Finland has been actively seeking solutions for saving the Finnish shipyard industry. In September 2013, the company launched a major restructuring aimed at safeguarding the operating potential of the company and, by extension, the entire maritime industry in Finland, thus ending the years of uncertainty. As part of the STX Finland Oy restructuring, cooperation negotiations concerning the Rauma and Turku Shipyards have been conducted between the personnel groups and the company management. The negotiations were completed on October 29, 2013.
STX Europe orders ShaftDesigner
STX Europe has purchased Machine Support’s ShaftDesigner software for the STX Finland yards in Turku and Rauma. This order is the result of an extensive technical and commercial investigation. The yard bought alignment and vibration calculations analyses from other contracting parties, but decided that they want to do these calculations internally. In ShaftDesigner the investigators found a modern and sophisticated software that is capable of calculating shaft line alignment as well as all types of vibration. The software also take into account the entire shaft line and components.
Polaris Commences Icebreaking in Bothnian Bay
Liquefied natural gas (LNG) powered icebreaker Polaris has left its home base in Helsinki on Tuesday to become the third Finnish icebreaker active in this year’s icebreaking season. The nearly 110-meter-long Polaris is the world’s first LNG powered icebreaker, running on both LNG and marine diesel. The vessel will head to Tahkoluoto, Pori, to bunker LNG before joining fellow icebreakers Kontio and Otso which departed on December 18, 2017 and January 9 respectively. “The crew is very excited to begin icebreaking duty after a long summer and autumn,” said Pasi Järvelin, master of IB Polaris.
Sonera Sells Sector to Telemar Scandinavia
An international business group led by Compagnia Generale Telemar S.p.A. in Italy and Lagumar Marine AB in Sweden, has acquired the Finnish mobile satellite division from Sonera. Telemar Finland, a branch of Telemar Satellite Services AB, has taken over all Sonera’s businesses and activities in the mobile satellite communication sector, including Inmarsat, Iridium and Globalstar as well as e-mail and data services via satellite. The present staff from Sonera is joining the new company. Telemar Finland is also taking over responsibility for the Finnish Accounting Authority FI01 as well as the provision of mobile satellite services from Soneras fixed and GSM networks in Finland.
Double-ended Ferry Named at STX Shipyard
STX Finland Oys Rauma Shipyard sees the naming & delivery of the new ferry to Suomen Lauttaliikenne Oy (Finferries). The godmother of the next generation road ferry, Professor Elina Pirjatanniemi, named the ship Stella in the presence of invited guests, the representatives of Suomen Lauttaliikenne, STX Finland, and the classification society Bureau Veritas. The environmentally friendly double-ended ferry, NB 1380, entered production in December 2011 at the STX Finlands Rauma Shipyard.
STX Finland to Close Rauma Shipyard
STX Finland, which has seen a deterioration of its shipbuilding base for many years, today announced its latest plan to stem the flow of red ink: a phase out of the Rauma shipyard. Senior management cited the continued bad global economy in the wake of the economic meltdown of 2008 as the primary source of trouble. "The decisions made now are based on a realistic estimate of the company’s current state and the market outlook,” said Jari Anttila, EVP & Deputy CEO of STX Finland.
Finland Takes Majority Stake in Aker Arctic Technology Inc.
A Finland government owned investment company, Finnish Industry Investment Ltd, has today purchased a 66.4 per cent majority stake of the shares of Aker Arctic Technology Oy (Aker Arctic) from STX Finland Oy. Aker explain that In recent months the Ministry of Employment and the Economy has been studying actively the possibilities for securing the Company's know-how and further development in Finland. The transfer of the Company´s know-how, such as intellectual property rights, away from Finland, would have meant a serious setback for the entire Finnish Arctic marine industry's future development. Aker Arctic is one of the world's leading companies in Arctic marine logistics and offshore solutions as well Arctic vessels design.
Finland Has the Arctic Maritime Technology Edge: Arctia CEO
According to CEO Tero Vauraste of Arctia Shipping, who spoke at a recent Arctic research seminar at the University of Turku, Finland has great potential in the maritime technology of the arctic region. The University says that Vauraste sees three trump cards in the Finnish arctic strategy from the point of view of business and investment policy: maritime technology, mining and tourism. At the moment, there are about a hundred icebreakers in the world and 60 of them were built in Finland.
Coast Guard Academy Cadet to Receive Fulbright Scholarship
Stephen Horvath, a first class cadet at the U.S. Coast Guard Academy, was recently granted a two-year Fulbright Scholarship to study renewable energy technologies in Finland during the 2015-2016 academic year and the 2016-2017 academic year. Horvath, 21, will pursue a master’s degree at the Lappeenranta University of Technology in Lappeenranta, Finland. The mechanical engineering major plans to conduct a research project on methods for energy storage. Horvath’s research project will examine the conversion technologies used to store energy created from wind turbines and solar cells.
STX Finland Makes Management Changes
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.