to be continued in 2011. Branching out
into new business areas is expected to
gradually improve the situation and STX
is therefore “cautiously optimistic” about
the outlook for its Cruise & Ferries business.
Su-Jou Kim.
CHANGE THE CAPTAIN
SPECIAL DELIVERIES FOR RAUMA
In April it became clear that “restructur-
While blockbuster deals have failed to ma-
ing” reaches all the way to the top, as Ju-
terialise so far, a steady stream of small-
ha Heikinheimo stepped down from his
er orders has found STX this year. In April,
position as President of STX Finland Oy.
STX Finland and Finferries signed a con-
Heikinheimo was promptly replaced – at
tract for the construction of a double-end-
least temporarily – by Su-Jou Kim, who
ed ferry to operate in the Turku archipela-
holds also the position of the Chairman
go, Finland. The ship will be built on STX
in the company.
Rauma shipyard and it will be delivered at
According to Su-Jou Kim, his objec-
the end of 2012.
tive is that STX Finland shall once again
The ship will be 65 metres in length
be in a position to build and deliver the
and 12.8 metres in breadth. The construc-
“world’s most magnificent cruise vessels”.
tion of the environmentally-friendly ferry
In May, STX Finland’s management group
will bring some 100 man-years of work
was retooled further as Jyrki Heinimaa was
to STX Rauma shipyard and its supplier
appointed Executive Vice President and
network.
CFO (Chief Financial Officer). Heinimaa
The new passenger ferry will operate
is responsible for accounting & finance,
on the Korpo–Houtskär route, of which
communication, synergies and strategy –
the length and challenging ice conditions
and also new business areas such as wind
will set special requirements to the per-
power.
formance of the vessel. In addition, the
At the same time, Timo Suistio, head
vessel will be constructed in accordance
of STX Rauma Shipyard, was appointed
with the safety regulations defined in the
Executive Vice President and COO (Chief
EU shipbuilding directive a