seatec - Finnish marine technology review 2/2014 - Page 14

a lot of hard work. For STX Finland’s Turku financing. Eventually, the order went to the NEW OWNERS shipyard and its subcontractors, the ’Mein Saint-Nazaire shipyard in France. IN SIGHT One year later, in February 2014, On 8 May 2014, Mr. Jan Vapaavuori – the Scandlines – who had previously placed a Finnish Minister of Industries – announced For the last couple of years, the over- preliminary order for two passenger ferries that the state of Finland and Meyer Werft all situation of STX’s Turku shipyard has to Turku shipyard – announced that their shipyard from Germany were negotiating been somewhat precarious. The shipyard’s ships will be manufactured by a German for ownership of STX Finland’s Turku Korean owners have faced financing trou- shipyard. Again, financing arrangements shipyard with STX’s Korean owners. bles that have affected their overseas ship- were too problematic. Schiff 3’ project brought some 5 500 manyears of labour. yards. While the negotiations are still in pro- The situation even threatened the TUI gress and a lot of uncertainties remain, In Turku, this has meant that the orders. In early 2013, however, a financing the news was received with careful opti- shipyard has lost a few large shipbuild- contract was agreed upon by the Finnish gov- mism as such a change in ownership ing orders. At the start of 2013, a prelim- ernment, STX, TUI Cruises, and the specialised might secure the ongoing operation of inary order for a luxury cruiser was with- financing company Finnvera. This ensured the STX Finland’s Turku shipyard. drawn as no agreement was reached on continued production of the TUI cruisers. 12 seatec 2/2014 Further confirmation ensued when