Tim Meyer News

Meyer Turku Group's results for 2023 indicate the company's turnover was 1.43 billion euros, which means a growth of 10.6% compared to the previous year.Both the turnover and the number of personnel have been growing for three consecutive years. The loss for the financial year 2023 was 103.8 MEUR (i.e. -7.2% of the turnover).The fiscal year 2023 of the shipyard company was affected by the ship deals that were closed before the covid pandemic, the new prototype ship project and the loss provision for the ship to be delivered in 2024.Beyond that…

“Turku is building the real big ships,” said Meyer Turku CEO Tim Meyer.Meyer is not exaggerating. The yard’s latest newbuild, Icon of the Seas—the first ship of Royal Caribbean’s Icon class—is 248,655 GT, making it the largest cruise ship ever constructed.In general, the cruise ships rolling out of the nearly 300-year-old Finnish shipyard have been steadily increasing in size since the Meyer Group took full ownership in 2015. “We are proud to say Turku has been a first-mover in building these big new classes for Royal Caribbean…

Finnish shipbuilder Meyer Turku on Monday delivered the world's largest cruise ship, the 248,655 GT Icon of the Seas, to U.S.-based Royal Caribbean International.The 365-meter-long cruise ship has 20 decks (including 18 guest decks) and surpasses the previous world's largest, Royal Caribbean's Oasis-class Allure of the Seas. With 2,805 staterooms, Icon is able to carry 5,610 passengers at double occupancy, or up to 7,600 passengers if every cabin is maxed out—another cruise industry record.

The long-standing cooperation between Åbo Akademi and Meyer Turku has been further strengthened with the signing of a partnership agreement.The agreement period is five years and the focus lies initially on Åbo Akademi's Faculty of Natural Sciences and Technology and Meyer Turku's Business Finland funded green transition program NEcOLEAP. An important form of practical cooperation will be the "green transition lab", a shared workspace to be established on the Åbo Akademi campus, which supports the interaction between researchers and industry.

Meyer Group has appointed Bernd Eikens as Group CEO starting in December 2023.Eikens has worked in different management positions for UPM-Kymmene for 25 years, since 2013 as a member of the group executive team. His international career includes positions in the US, China, Germany and Finland. Most recently, he headed the successful implementation of a pulp mill project in Uruguay with an investment volume of $3.5 billion.He has been a member of the Meyer Turku advisory board since 2019 and…

Meyer Turku Group has published its 2022 financial results indicating a positive turnaround on the previous year.The Group’s turnover was 1.30 billion euros, up about 200 million euros on 2021. The loss for the financial year was 15.6 million euros, which was less than the previous year's 17 million euros.Meyer Turku CEO Tim Meyer comments on the result: "During 2022, we were particularly affected by the difficult availability of materials and overall increased costs, especially on materials and financing.

One of the world's largest cruise companies Royal Caribbean Group announced it has signed a declaration with the aim to chart the way forward for innovative and sustainable shipbuilding in Finland.The declaration, signed with the Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and shipbuilder Meyer Turku Oy, has been signed with the goal to advance innovation, strengthen competitiveness and bolster the maritime industry's ecosystem, U.S.

Finland's Meyer Turku shipyard has floated out what it says is the world's largest and Royal Caribbean International’s most environmentally friendly cruise ship, Icon of the Seas.During the upcoming weekend, the ship will be moved to the outfitting dock, where its now fully assembled hull will be finished into "a magnificent cruise ship" during next year."Outfitting of the ship is a challenging job, the end result of which is to build an unprecedentedly versatile vacation possibilities on the ship.

Finnish shipbuilder Meyer Turku on Wednesday delivered the liquefied natural gas (LNG) fueled cruise ship Carnival Celebration to Carnival Cruise Line.Tim Meyer, CEO of Meyer Turku, describes this ship's handover as special in many ways: "First of all, the ship is dedicated to the 50 years of Carnival Cruise Line. Second, Carnival Celebration will begin service immediately after the handover, which tells us that the demand for cruises, and therefore for cruise ships, is truly…

Finnish shipbuilder Meyer Turku announced it has cut first steel for Mein Schiff 7, the latest new cruise ship for Germany's TUI Cruises. Notably, the 111,500 GT cruise ship will be able to run on methanol fuel.“After two years of pandemics, we have returned to our course and will continue to grow as planned,” said TUI Cruises CEO Wybcke Meier, during an official steel cutting ceremony held at the Turku shipyard on Tuesday.“Mein Schiff 7 will take us forward in our work for more environmentally friendly cruise tourism. The ship will be built so that it can be used with methanol.

Finland-based cruise shipbuilder Meyer Turku saw its full-year 2021 net loss widen, despite a somewhat higher turnover compared to 2020. Still, the company said it was a "satisfactory result in the midst of a protracted pandemic."The company's turnover was EUR 1.08 billion. It is somewhat higher than in the previous year, but the result for the financial year was a loss of EUR 17.0 million, Meyer Turku said.Tim Meyer, CEO said: “Exceptional times lasted longer than expected. The global effects of the Covid-19 pandemic, such as labor and material mobility, affected our operations as well.

The 185,000-gt cruis ships Carnival Celebration was floated out to the outfitting keel at Meyer Turku shipyard in Finland, with the LNG-powered ship marking the culmination of Carnival Cruise Lines 50th birthday. The float-out started on Friday morning local time with the opening of the building dock valves and will culminate over the weekend. “The Float out marks the beginning of a very intensive phase in the ships construction, as the inside features and venues start taking form.

Finnish shipbuilder Meyer Turku on Thursday announced it has delivered the 180,000 GT liquefied natural gas (LNG)-powered cruise ship Costa Toscana to Costa Cruises. “With Costa Toscana we are turning a new page at the shipyard. We have been pushing our shipbuilding processes onward and are now seeing the results with this beautiful vessel. We are very proud of her and I feel confident that the guests onboard will really enjoy Costa Toscana in the coming years,” said Meyer Turku CEO Tim Meyer.The 337-meter…

Finnish shipbuilder Meyer Turku on Monday commenced production of Royal Caribbean International's next cruise ship Icon of the Seas. The start of production and the revealing of the ship’s name were celebrated at the shipyard's plate hall, where Meyer Turku CEO Tim Meyer, Chairman of the Board of Meyer Turku , Bernard Meyer, Chairman and CEO of Royal Caribbean Group, Richard Fain, and Harri Kulovaara, Executive Vice President of Maritime & Newbuilds, were present. CEO and president of Royal Caribbean International…

Finnish shipbuilder Meyer Turku announced its financial figures for 2020, noting that while the group has had two difficult years, it is slowly moving toward a more positive path.Meyer Turku, part of the German-based Meyer Group, primarily builds cruise ships and large capacity ferries, two sectors where newbuild orders have been slowed by the COVID-19 pandemic. But with many parts of the world now reopening to passenger ships, Meyer Turku is targeting a rebound. “Last year has been in several aspects an extraordinary difficult year…

The liquefied natural gas (LNG)-powered, 185,000 GT cruise ship Costa Toscana was floated out to the outfitting pier at Meyer Turku shipyard on Friday. Due to harsh weather conditions, the filling of the dry dock started on Thursday.“As this is also the start of the final stage of shipbuilding, all the exciting colors, venues and features will start taking their final form. In the coming months she will be finalized at the pier and then tested and commissioned in the autumn for delivery…

As the battered cruise industry looks to turn the clock on 2020 and return to business as 'normal' in 2021, in Finland today there returned a semblance of 'normal' with the delivery of the 180,000 ton Mardi Gras from the Meyer Turku shipyard, a mammoth, modern liquefied natural gas (LNG) fueled cruise ship for Carnival Cruise Line.The 180,000-gross-ton, 5,200-passenger cruise ship—the largest in the Carnival fleet—was previously scheduled to be delivered in October 2020, but the…

Finnish shipbuilder Meyer Turku said it will permanently lay off 84 people from outfitting and design functions upon the conclusion of YT-negotiations on Tuesday. The number includes nine blue-collar and 75 white-collar workers.The shipyard, which specializes in cruise ship and large passenger vessel construction, has been hardly hit by the effects of the COVID-19 pandemic. Including today's job cuts and another round of layoffs announced in August, Meyer Turku has let go 250 people, which is below its original estimate of 450 from the start of negotiations in April.

The Meyer Group announced Wednesday it will rotate leadership at its shipyards in Papenburg, Germany and Turku, Finland as the cruise ship builder grapples with market turmoil created by the coronavirus pandemic.Effective after the summer, Jan Meyer, the CEO of Meyer Turku since 2014, will become Managing Director of Meyer Werft, while Tim Meyer, managing director of Meyer Werft since 2016, will take over as CEO at Meyer Turku.The COVID-19 crisis has hit the cruise industry, and consequently shipyards…

The first building-block for AIDA Cruises’ second LNG-fueled cruise ship was put in place at the Neptun Werft shipyard in Rostock, Germany.The two trainees, Charleen Hoffmann (AIDA Cruises) and Kenny Schaft (Meyer Werft shipyard) placed the traditional lucky coin beneath the first of a total of 90 blocks.On the occasion of the keel-laying, the name of the new ship and its first routing were announced: the ship will be named AIDAcosma, and will be cruising from Kiel to the Norwegian fjords and the Baltic Sea from summer 2021.Together with the Managing Director of the Meyer Werft shipyard Tim Meyer and the head of the Neptun Werft shipyard in Rostock Manfred Ossevorth…

German shipyard Meyer Werft  has handed over Spirit of Discovery, second of three new cruise ships in 2019, to the British cruise line Saga Cruises.The vessel with a rating of 58,250 GT is already the second new build completed by Meyer Werft  in 2019 after Spectrum of the Seas was delivered to Royal Caribbean International in April, said a press release from the shipbuilder headquartered in Papenburg at the river Ems.“With great team effort we already completed two modern cruise ships this year”, says Tim Meyer, Managing Director of Meyer Werft .Spirit of Discovery stands out with an environmental friendly and resource conserving Design.

Cruise line Royal Caribbean International officially took delivery of the 26th ship in its fleet, 169,000 grt Spectrum of the Seas, in a ceremony Thursday in Bremerhaven, Germany.The first ship in the Quantum-Ultra class, the Meyer Werft built Spectrum of the Seas measures 347.1 meters long and 41.4 meters wide. Altogether, the vessel has 18 decks with 2,137 cabins offering space for 4,246 passengers in double occupancy and 1,551 crew members.The Bahamas flagged Spectrum of the Seas will be the largest and most expensive ship in Asia when she arrives to her new home in Shanghai on June 3…

German shipyard Meyer Werft GmbH & Co. KG is all set to to launch three cruise ships in 2020. During the shipyard has handed over three modern cruise ships to international cruise lines. "In the last twelve months alone, we have taken on 395 new employees in Papenburg, thus enlarging our team to more than 3625 people. We continue to recruit new col-leagues in all parts of the shipyard," said Tim Meyer, Managing Director of Meyer Werft.The shipyard has taken on all the 45 trainees who passed their final examinations. Moreover, a further 16 trainee positions have been instigated to ensure that that the future workforce receives the necessary qualifications directly on the shipyard.At the same time, Meyer Werft continues to invest in its state-of-the-art shipyard facilities.