Sale of Finland's STX Shipyards Offers Opportunities

May 7, 2013

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.

Source: yle UUTISET Finland
 


 

 


 

Logistics News

Fincantieri inks Pact to Build Cruise Ship for Regent Seven Seas

Fincantieri inks Pact to Build Cruise Ship for Regent Seven Seas

Ocean-Based Carbon Capture for Commercial Vessels

Ocean-Based Carbon Capture for Commercial Vessels

Cattle Ship Delayed in Turkey

Cattle Ship Delayed in Turkey

Stolt-Nielsen Limited Executive Management Update

Stolt-Nielsen Limited Executive Management Update

Subscribe for Maritime Logistics Professional E‑News

Philippines warns against deadly storm surges when Typhoon Fung Wong approaches super-typhoon strength
Trump calls on lawmakers to give healthcare funds 'directly' to the people
Two trains collide in Slovakia, injuring many passengers