Tag Archives: Finland

STX Finland shipyard to be sold

Posted on by
Reply

By Jerry Limone

German shipbuilder Meyer Werft and the Finnish government have agreed to acquire STX Finland from South Korea-based STX Corp.

Meyer Werft will buy a 70% stake, the Finnish government 30%. The acquisition is subject to clearance by antitrust authorities and banks.

STX Finland has a shipyard in Turku; a shipyard in Rauma was sold to the Finnish town earlier this year. The plan is to rename the company Meyer Turku Shipyard.

The Turku yard built the Mein Schiff 3, a TUI Cruises ship that entered service in June. STX Finland is currently constructing the Mein Schiff 4, and TUI Cruises this week reached a deal for two more ships of the same class to be constructed at the Turku yard.

STX also has built many ships for the North American market, including Royal Caribbean’s Oasis and Allure of the Seas.

Meyer Werft’s Papenburg yard built Celebrity’s Solstice-class and Norwegian Cruise Line’s Breakaway-class ships. The yard is constructing Norwegian’s Breakaway Plus and Royal Caribbean’s Quantum-class vessels.

Meyer Werft combines forces with STX Finland – and confirms my ship 5 and 6

Posted on by
Reply

The Meyer Werft is combining forces with STX Finland: After numerous talks on closer cooperation with the cruise shipyard STX Finland in Turku now a stake in Papenburg shipbuilders agreed.
With its 70% share the Meyer Werft takes over the operational management of the Finnish shipyard. In Finland, currently about 1300 directly employed people work at the cruise ship Mein Schiff 4 for the German shipping company TUI Cruises.
The Hamburg shipping company TUI Cruises, a joint venture between TUI and Royal Caribbean Cruises Ltd.. (RCCL), now announced two more ships of this class also has to be ordered (My ship 5 & 6) in Turku. STX Finland is a proven specialist for cruise ships and a shipyard with very high technological know-how.
Positive effects are given by a higher flexibility to the customers.
Even with a future even stronger, common approach in the area of ​​research and development in the cruise market, and mutual learning among the workflows positive synergies are possible. “We are strengthening all sites equally.Positive effects are given by a higher flexibility to the customers.
Even with a future even stronger common approach in the area of ​​research and development in the cruise market, and mutual learning among the workflows positive synergies are possible. A staff reduction in Lower Saxony, Mecklenburg-Western Pomerania or in Finland are not an issue, “says CEO Dr. Jan Meyer.
With the Land a contract to secure sites in Papenburg is even being discussed. This makes it very clear that it is not about a shift from capacity, but to a significant strengthening of the bundled competence in the European cruise industry. The acquisition is currently subject to confirmation by the participating financial institutions as well as the approval of the Federal Cartel Office.