Saturday, 25 December, 2010

Arctech Helsinki Shipyard combines Finland’s and Russia’s marine clusters

Tuesday, 14 December, 2010

WIKIMEDIAThe icebreaker Taimyr was built in Helsinki’s shipyards in 1989 for Russia, which was then the Soviet Union
The shipbuilders STX Finland Oy and Russian state-owned United Shipbuilding Corporation USC have formed a joint venture, Arctech Helsinki Shipyard Oy which will specialize in arctic shipbuilding technology and which will bring together the two countries’ marine industry clusters.  The founding companies have equal shares in the new venture.

Arctech Helsinki Shipyard will focus on building special vessels for arctic conditions including icebreakers and other icebreaking vessels.  The new joint venture has the option to buy a fifth of Aker Arctic Technology Oy’s AARC shares in STX Finland.  After exercising this option, STX would remain as the majority owner of AARC, which is the world’s leading design office in the field of arctic technology research, development and utilization.

Arctech Helsinki Shipyard owns two of the world’s largest shipbuilders.  United Shipbuilding Corporation is a Russian state-owned concern with 42 shipyards around Russia.  STX Finland is part of the STX Europe Group with 15 yards in Finland, France, Norway, Romania, Brazil and Vietnam.

STX Europe is the world’s leading manufacturer of specialist vessels such as cruise liners, passenger car ferries, offshore service vessels, icebreaking vessels as well as other types of specialist vessel.  The major shareholder in STX Europe is the Korean-based international industrial group STX Business Group.

Fenno-Russian co-operation in the arctic marine industry has a strong tradition.  Finnish yards have delivered more than 1,500 vessels to Russia.  Sixty percent of all the world’s icebreakers have been built in Finland as well as a sizeable share of Russia’s current icebreaker fleet.
STX Finland’s CEO Juha Heikinheimo predicts that the new venture’s order book will begin to fill up quickly.

– The joint venture has tremendous potential to make efficient use of the world class know-how that exists in Russia’s and Finland’s arctic industry clusters.  The geographical proximity of the two countries, the long tradition of co-operation and the deep level of commitment guarantee concrete projects for this new venture and for the Fenno-Russian marine industry cluster, he affirms.

USC’s CEO Roman Trotsenko is also confident.

– We believe the new venture will be a significant player in arctic shipbuilding and the production of hi-tech ice class vessels and it will also address the development needs of Russia’s arctic offshore fleet, notes Mr Trotsenko.


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