CWR Launches Shipping Efficiency Advisory Board
Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation, Carbon War Room, commented: "We are thrilled to have gathered a group with so much knowledge and experience in shipping.
Arctech Helsinki Shipyard to Russian Ownership
Arctech Helsinki Shipyard is now 100 percent Russian-owned as United Shipbuilding Corporation bought the remaining half of the company’s shares from STX Finland Oy. Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50 percent of the shipyard shares from STX Finland, a subsidiary of the Korean-owned STX Europe. The joint venture was established to respond to the need of growing market of Arctic shipbuilding and to unite the Finnish and Russian maritime clusters.
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 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.
Arctic OSV Named at Arctech Yard
Arctic offshore vessel NB 507 has been named after Russian Navigator Aleksey Chirikov at Arctech Helsinki Shipyard. The vessel will be delivered to the largest Russian shipping company Sovcomflot shortly and will continue its path straight to Sakhalin area in Far East Russia, where it will supply the Arkutun-Dagi oil and gas field. Arctech has built two arctic offshore supply vessels for Russian company Sovcomflot, which specialises in hydrocarbon transportation from Arctic and subarctic regions with challenging icy conditions.
Cruise With Confidence: Cruise Lines Prosper Despite Troubles
Cruise Lines shrug off tragedy, bad publicity, new regulations and a weak economy to post impressive growth. In the year since the Costa Concordia tragedy, the cruise industry has seen a raft of new regulatory initiatives; in part developed in conjunction with industry associations. Harmonization of multiple regimes is the new mantra for industry stake-holders. In late December, the Florida-based Cruise Line Industry Association (CLIA) announced a tie-up which will result in one worldwide voice for the industry.
Classification Society's Key Role in 'Viking Grace' Success
The world’s most environmentally friendly large passenger ship, 'Viking Grace', delivered by STX Finland, & maiden voyage tickets a sell-out. Apart from its unique green credentials, the vessel’s two standout features are its LNG-powered Wartsila engines and its safe return to port compliance technology. Such was the vessel’s much anticipated arrival that tickets for its maiden voyage from Turku to Stockholm were sold out months in advance. Interestingly, Viking Grace, with its almost emission-free performance, will be ideally suited to the sensitive and delicate waters of the Baltic Sea.
Cruise Ship Contract for Kone
Kone eco-efficient elevators and escalators to serve another TUI Cruises vessel, 'Mein Schiff 4'. The new cruise ship will be the sister ship of Mein Schiff 3, which will also have Kone's solutions installed onboard. Both vessels will be built at STX Finland, Turku shipyard, the former being set for delivery in the spring of 2014 and the latter in the spring of 2015. Kone's People Flow® solutions will facilitate the smooth and efficient movement of 3,500 passengers and personnel onboard the Mein Schiff 4.
Shipyard Seeks Loan to Build New Cruise Ship
STX Finland is now lobbying the Finnish government on behalf of Royal Caribbean in a bid to get contract for third 'Oasis-class' cruise ship. A loan would help facilitate a deal to avoid Royal Caribbean building its third Oasis-class cruise ship in Germany or France. The state owned financing firm, Finnvera, has reached an impasse with Royal Caribbean to securing a loan to allow the proposed ship to be built. STX is concerned that if a deal is not reached soon between Royal Caribbean and Finnvera, the cruise giant may look to shipyards in Germany or France as alternatives.
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.
LNG-powered Viking Grace Re-defines Ferry Travel
Lloyd’s Register significantly helped the vessel’s owners & builders work through the complexities of 'Viking Grace's' novel design features. Finland’s Viking Line recently notched up a world first when it launched Viking Grace, the most environmentally friendly large passenger ship, at STX Finland Turku shipyard. The 56,000 gt vessel is powered by LNG and generates no marine emissions and very few air emissions. The vessel has been designed to operate in the delicate and environmentally sensitive waters of the Baltic Sea where she will operate between Turku and Stockholm from January, 2013.
Keel-laying of Ferry at STX Finland
The keel-laying of the Double Ended Ferry to be built for Suomen Lauttaliikenne Oy (Finferries) was performed at STX Rauma Shipyard on Friday, 20 April 2012. The environmentally friendly next-generation ferry will be delivered to the customer at the end of 2012. The vessel will enter traffic on the Korpo – Houtskär route at the beginning of 2013. The keel-laying ceremony following old tradition performed at the STX Rauma Shipyard was witnessed by representatives of Suomen Lauttaliikenne (Finferries), STX Finland and the classification society Bureau Veritas.
Deal Signed for LNG-Powered Cruise Ferry
STX Finland Oy and Viking Line ABP have signed a preliminary agreement for the construction of a new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The ship price will be about 240 million Euros, and will be built at Turku shipyard for delivery in the beginning of 2013. The new cruise ferry will be designed to be the most environmentally friendly big passenger vessel to date. Even though it has not yet been decided the goal is to use LNG as the fuel. The ship has no marine emissions and its aerial emissions are extremely low.
STX Finland, USC Announce Arctic Shipbuilding JV
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.
STX Finland, Viking Line Sign $315m Deal
STX Finland Oy and Viking Line ABP signed an agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The contract price is about $315m. The ship will be built at shipyard and will be delivered to Viking Line at the beginning of 2013. The signed agreement represents approximately 2600 man-years employment. The new cruise ferry will be the most environmentally friendly big passenger vessel to date.
STX Finland Signs a Maintenance Contract for Saipem
On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX's Turku shipyard. The Castoro Sei is a 152 metres long and 70.5 metres wide semisubmersible pipelay vessel, owned by Italian offshore company Saipem S.p.A. She is currently deployed in laying the pipeline for the Nord Stream project on the Baltic Sea.
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…
STX Europe 1Q 2011 - Improvements Continuing
- EBITDA of NOK 424 million in Q1 2011 compared with NOK 88 million in Q1 2010. - Profit before tax of NOK 334 million for Q1 2011 (Q1 2010: NOK -151 million). • Order intake of NOK 1 708 million in Q1 2010 (Q1 2010: NOK 2 808 million). • 7 vessels successfully delivered in first quarter 2011. - Singapore listed STX OSV Holdings Limited ("STX OSV"), had continued strong performance in Q1 2011 with an EBITDA result of NOK 439 million. - Positive development of the shares of STX OSV…
Wärtsilä Supplies Bio-Fuel for Cargo Vessel
Wärtsilä's leading engine technology offers flexibility which enables switching of fuels without any interruption in operation should the need arise. This will be the first installation ever where a European commercial shipping operation is going to permanently use liquid bio-fuel. Wärtsilä, the marine industry's leading solutions provider and systems integrator, has been contracted by the STX Finland shipyard in Turku, Finland, to supply the main engines for a new multi-purpose cargo vessel. STX Finland is part of the international STX Europe Group.
STX Finland, STX Windpower Collaborate on Windpark Supply
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…
FRV Construction Starts in Rauma Shipyard
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.
Heikinheimo New President of Napa Group
Juha Heikinheimo (54) was appointed President of Napa Group (Napa Ltd), a leading provider of software solutions for the maritime industry. The appointment takes effect on September 1, 2011. Mr Heikinheimo assumes the position from Matti Salo, who successfully served as President of Napa Group for eleven years. Mr Salo will continue as President of the subsidiary, Onboard-Napa Ltd. He will focus his attention on customers and boosting the growth of the NAPA for Operations business. Heikinheimo has extensive experience of the shipbuilding industry.
Initiative Launched to Reduce Costs of Offshore Wind Parks
Achieving the Finnish windpower target by 2020 (6 TWh, approx. 2500 MW installed capacity) requires the implementation of several major offshore wind parks. The recently approved production tariff is not sufficient for implementation of offshore wind parks at the present cost level, and thus costs need to be reduced. Together with their customers, STX Finland, Meriaura and Hafmex have launched a ‘design-to-cost’ project, that seeks to significantly reduce the lifecycle costs of offshore wind parks.
STX Finland: Contract Signed Well Intervention Vessels
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The t well intervention vessels with deadweight of 31,000 tons will have a length of 122m and a width of 45m. The vessels are designed to operate in rough open sea conditions on Brazilian continental shelf. Vessels have innovative…
Keel-laying at STX Turku Shipyard
The keel-laying of the multipurpose deck cargo vessel, built for Oy Gaiamare Ab, was held at STX Turku Shipyard on Wednesday January 4, 2012. The NB 1379 is 105.4m long and 18.8m wide, and is scheduled to be delivered in spring 2012. Representatives of the customer Oy Gaiamare Ab, classification society Bureau Veritas, and STX Finland were present witnessing the keel-laying event. The versatile vessel is designed for transportation of demanding and heavy project cargo, such as offshore wind farm structures.
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.