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STX Europe

STX Europe AS, formerly Aker Yards ASA, was until 2012 a subsidiary of the South Korean STX Offshore & Shipbuilding.

STX Europe
Company typePrivate
IndustryShipbuilding
PredecessorAker Yards
Founded2004
(as Aker Yards)
2008
(as STX Europe)
HeadquartersOslo, Norway
Key people
  • In-Sung Lee (chairman of​ the board)
  • Su-jou Kim (president &​ CEO)
RevenueNOK 31,496 million (2008)[1]
(NOK 561million) (2008)[1]
NOK 40 million (2008)[1]
OwnerSTX Offshore & Shipbuilding
Number of employees
15,500(2008)[1]

With headquarters in Oslo, Norway, STX Europe operated 15 shipyards in Brazil, Finland, France, Norway, Romania and Vietnam. The company had three business areas: Cruise & Ferries, Offshore & Specialized Vessels and Other Operations.

In 2012, with rising outstanding debts, STX retained the Finnish cruise shipbuilding yard and sold the remainder as STX OSV Holdings, (Offshore & Specialist Vessels), including all the yards, to Fincantieri, which renamed the group Vard.

In September 2014 STX Finland was sold, 70% to Meyer Werft and 30% to the Finnish government. The operations were continued under name Meyer Turku thereafter. Meyer Werft acquired the Finnish government's 30% in April 2015.

In 2017 STX France, after the bankruptcy of STX Corporation, the company was acquired by the French government and reverted to its original name of Chantiers de l'Atlantique.

History edit

Background: before 2006 edit

The evolution of STX Europe originated with the founding of two prominent shipbuilding groups in Europe. One was the Norway-based Aker Yards, created in 2004 by combining the shipbuilding activities of Aker and Kværner with the France-based Alstom shipbuilding group, which has shipyards (formerly those of Chantiers de l'Atlantique in Saint-Nazaire) and in Lorient.

Transition to STX Europe, and expansion: 2006–2012 edit

On 4 January 2006, Aker Yards and Alstom announced their intention to join forces in shipbuilding and create together one of the world leaders in this industry, focused on high-value-added ships, including world-class cruise ships.[2][3] The merger gave Aker Yards a majority shareholding over Alstom's shipbuilding activities; which included Chantiers de l'Atlantique shipyard – the builder of the liner RMS Queen Mary 2.

Aker ASA, the majority shareholder of Aker Yards; reduced its ownership share from 50.4% to 40.1% in January 2007. Aker divested its total shareholding in March 2007, and in October 2007, STX Business Group secured a 39.2% stake of Aker yards. Later, STX took a controlling stake, and renamed the group to STX Europe on 3 November 2008 to reflect the new ownership structure.[4][5]

In January 2009, STX business group acquired the remaining shares in STX Europe and became the company's sole shareholder. In February 2009, it was decided to delist STX Europe from Oslo Stock Exchange where it was previously listed under the ticker STXEUR.

Operations edit

 
Photo from Wadan Yards in Wismar, Germany, previously partly owned by STX Europe

Cruise & Ferries edit

The Cruise & Ferries division constructs vessels mainly at shipyards in Finland and France. The business area had revenues of NOK 19,709 million in 2008.

List of shipyards edit

Cruise + Ferry edit

Other Operations edit

OSV (OffShore & Specialized Vessels) edit

STX Europe has two shipyards in Romania: Braila and Tulcea. The steel hulls for most of STX Europe's new building projects (Offshore & Specialized Vessels) are being built by Braila and Tulcea in Romania. STX Europe's yard in Braila is situated 170 km up the River Danube. Portfolios consist of hull production, delivery of complete merchant vessels together with repair and conversion work. The yard has a 1300m long outfitting quay, facilities for simultaneous mounting or repairing of 12 vessels and equipped with multiple 50 tonne portal cranes. The mounting platform and launching berth have capacity for vessels up to 135 x 23 m and a maximum launching and lifting weight of 2500 tonne and 2200 tonne respectively.

STX Europe's yard in Tulcea is located at nautical mile 39.5 on the right bank of the Danube, upstream of Tulcea, and it is one of the youngest Romanian firms in the field. In Tulcea STX Europe offers services in shipbuilding, conversions and repairs. It has a large covered hall where four ships can be built simultaneously. Over 6000 people working here, it is the greater capacity of offshore and specialised division.

Production edit

Ships edit

STX Europe :

References edit

  1. ^ a b c d "Annual Report 2008". STX Europe. Retrieved 2009-03-13.
  2. ^ "Aker Yards and Alstom Marine Complete Transaction". Retrieved 26 July 2012.
  3. ^ "Aker Yards and Alstom Marine plan to join forces". Retrieved 26 July 2012.
  4. ^ STX Europe (2008-11-05). "Aker Yards Changes Name to STX Europe". Retrieved 2008-11-05.
  5. ^ "Aker Yards to be renamed STX Europe". Reuters. 3 September 2008. Retrieved 26 July 2012.

europe, formerly, aker, yards, until, 2012, subsidiary, south, korean, offshore, shipbuilding, company, typeprivateindustryshipbuildingpredecessoraker, yardsfounded2004, aker, yards, 2008, headquartersoslo, norwaykey, peoplein, sung, chairman, board, president. STX Europe AS formerly Aker Yards ASA was until 2012 a subsidiary of the South Korean STX Offshore amp Shipbuilding STX EuropeCompany typePrivateIndustryShipbuildingPredecessorAker YardsFounded2004 as Aker Yards 2008 as STX Europe HeadquartersOslo NorwayKey peopleIn Sung Lee chairman of wbr the board Su jou Kim president amp wbr CEO RevenueNOK 31 496 million 2008 1 Operating income NOK 561million 2008 1 Net incomeNOK 40 million 2008 1 OwnerSTX Offshore amp ShipbuildingNumber of employees15 500 2008 1 With headquarters in Oslo Norway STX Europe operated 15 shipyards in Brazil Finland France Norway Romania and Vietnam The company had three business areas Cruise amp Ferries Offshore amp Specialized Vessels and Other Operations In 2012 with rising outstanding debts STX retained the Finnish cruise shipbuilding yard and sold the remainder as STX OSV Holdings Offshore amp Specialist Vessels including all the yards to Fincantieri which renamed the group Vard In September 2014 STX Finland was sold 70 to Meyer Werft and 30 to the Finnish government The operations were continued under name Meyer Turku thereafter Meyer Werft acquired the Finnish government s 30 in April 2015 In 2017 STX France after the bankruptcy of STX Corporation the company was acquired by the French government and reverted to its original name of Chantiers de l Atlantique Contents 1 History 1 1 Background before 2006 1 2 Transition to STX Europe and expansion 2006 2012 2 Operations 2 1 Cruise amp Ferries 2 2 List of shipyards 2 2 1 Cruise Ferry 2 2 2 Other Operations 2 2 3 OSV OffShore amp Specialized Vessels 3 Production 3 1 Ships 4 ReferencesHistory editBackground before 2006 edit The evolution of STX Europe originated with the founding of two prominent shipbuilding groups in Europe One was the Norway based Aker Yards created in 2004 by combining the shipbuilding activities of Aker and Kvaerner with the France based Alstom shipbuilding group which has shipyards formerly those of Chantiers de l Atlantique in Saint Nazaire and in Lorient Transition to STX Europe and expansion 2006 2012 edit On 4 January 2006 Aker Yards and Alstom announced their intention to join forces in shipbuilding and create together one of the world leaders in this industry focused on high value added ships including world class cruise ships 2 3 The merger gave Aker Yards a majority shareholding over Alstom s shipbuilding activities which included Chantiers de l Atlantique shipyard the builder of the liner RMS Queen Mary 2 Aker ASA the majority shareholder of Aker Yards reduced its ownership share from 50 4 to 40 1 in January 2007 Aker divested its total shareholding in March 2007 and in October 2007 STX Business Group secured a 39 2 stake of Aker yards Later STX took a controlling stake and renamed the group to STX Europe on 3 November 2008 to reflect the new ownership structure 4 5 In January 2009 STX business group acquired the remaining shares in STX Europe and became the company s sole shareholder In February 2009 it was decided to delist STX Europe from Oslo Stock Exchange where it was previously listed under the ticker STXEUR Operations edit nbsp Photo from Wadan Yards in Wismar Germany previously partly owned by STX Europe Cruise amp Ferries edit The Cruise amp Ferries division constructs vessels mainly at shipyards in Finland and France The business area had revenues of NOK 19 709 million in 2008 List of shipyards edit Cruise Ferry edit nbsp STX France Cruise SA located at St Nazaire and Lorient Other Operations edit nbsp STX Norway Floro AS located in Floro OSV OffShore amp Specialized Vessels edit nbsp STX Norway Offshore AS located at Alesund Aukra Brevik Langsten Langsten Slip Batbyggeri AS Brattvag and Soviknes is now owned by Fincantieri nbsp STX OSV Tulcea SA and STX OSV Braila SA STX Europe has two shipyards in Romania Braila and Tulcea The steel hulls for most of STX Europe s new building projects Offshore amp Specialized Vessels are being built by Braila and Tulcea in Romania STX Europe s yard in Braila is situated 170 km up the River Danube Portfolios consist of hull production delivery of complete merchant vessels together with repair and conversion work The yard has a 1300m long outfitting quay facilities for simultaneous mounting or repairing of 12 vessels and equipped with multiple 50 tonne portal cranes The mounting platform and launching berth have capacity for vessels up to 135 x 23 m and a maximum launching and lifting weight of 2500 tonne and 2200 tonne respectively STX Europe s yard in Tulcea is located at nautical mile 39 5 on the right bank of the Danube upstream of Tulcea and it is one of the youngest Romanian firms in the field In Tulcea STX Europe offers services in shipbuilding conversions and repairs It has a large covered hall where four ships can be built simultaneously Over 6000 people working here it is the greater capacity of offshore and specialised division nbsp STX OSV Niteroi SA nbsp STX OSV Vietnam Ltd Production editShips edit STX Europe Adventure of the Seas in 2001 for Royal Caribbean Cruise Line Allure of the Seas in 2010 for Royal Caribbean Cruise Line Carnival Legend in 2002 for Carnival Cruise Lines Carnival Miracle in 2004 for Carnival Cruise Lines Carnival Pride in 2001 for Carnival Cruise Lines Carnival Spirit in 2001 for Carnival Cruise Lines Coral Princess in 2001 for Princess Cruises Costa Atlantica in 2000 for Costa Cruises Costa Mediterranea in 2003 for Costa Cruises Explorer of the Seas in 2000 for Royal Caribbean Cruise Line Freedom of the Seas in 2006 for Royal Caribbean Cruise Line Independence of the Seas in 2008 for Royal Caribbean Cruise Line Island Princess in 2003 for Princess Cruises Liberty of the Seas in 2007 for Royal Caribbean Cruise Line Majesty of the Seas in 1992 for Royal Caribbean Cruise Line Mariner of the Seas in 2003 for Royal Caribbean Cruise Line Monarch of the Seas in 1991 for Royal Caribbean Cruise Line MSC Divina in 2012 for MSC Cruises MSC Fantasia in 2008 for MSC Cruises MSC Lirica in 2003 for MSC Cruises MSC Magnifica in 2010 for MSC Cruises MSC Musica in 2006 for MSC Cruises MSC Opera 2004 for MSC Cruises MSC Orchestra in 2007 for MSC Cruises MSC Poesia in 2008 for MSC Cruises MSC Preziosa in 2013 for MSC Cruises MSC Splendida in 2009 for MSC Cruises Navigator of the Seas in 2002 for Royal Caribbean Cruise Line Oasis of the Seas in 2009 for Royal Caribbean Cruise Line Queen Mary 2 in 2003 for Cunard Line R One in 1998 for Renaissance Cruises since 2004 Insignia Oceania Cruises R Two in 1998 for Renaissance Cruises since 2003 Regatta Oceania Cruises R Three in 1999 for Renaissance Cruises since 2002 Pacific Princess Princess Cruises R Four in 1999 for Renaissance Cruises since 2002 Ocean Princess Princess Cruises R Five in 1998 for Renaissance Cruises since 2005 Nautica Oceania Cruises R Six in 2000 for Renaissance Cruises since 2007 Azamara Journey Azamara Club Cruises R Seven in 2000 for Renaissance Cruises since 2007 Azamara Quest Azamara Club Cruises R Eight in 2001 for Renaissance Cruises since 2007 Royal Princess Princess Cruises Rhapsody of the Seas in 1999 for Royal Caribbean Cruise Line Vision of the Seas in 1998 for Royal Caribbean Cruise Line Voyager of the Seas in 1999 for Royal Caribbean Cruise Line Armorique in 2009 for Brittany Ferries Aurora af Helsingborg in 1992 for Scandlines Baltic Princess in 2006 for Tallink Birka Paradise in 2004 for Birka Line Color Fantasy in 2004 for Color Line Color Magic in 2007 for Color Line Celebrity Constellation in 2002 for Celebrity Cruises Aeolos Express HSC in 2000 for NEL Lines since 2007 Aeolos Kenteris I Aeolos Express II HSC in 2001 for NEL Lines since 2007 Aeolos Kenteris II Aeolos Kenteris HSC in 2001 for NEL Lines Cotentin in 2007 for Brittany Ferries Crystal Serenity in 2003 for Crystal Cruises Destination Gotland in 1999 for Destination Gotland Dreamward in 1992 for Norwegian Cruise Line Dryna in 2005 for Fjord1 European Stars in 2002 for Festival Cruises since 2005 MSC Sinfonia MSC Cruises European Vision in 2001 for Festival Cruises since 2004 MSC Armonia MSC Cruises Galaxy in 2006 for Tallink Glutra in 2000 for MRF Hamlet in 1997 for Scandlines Hamnavoe in 2002 for NorthLink Ferries Haroy in 2006 Hjaltland in 2001 for NorthLink Hrossey in 2001 for NorthLink Ile de Groix in 2008 for the Morbihan departement Imperatrice Eugenie in 1865 Celebrity Infinity in 2001 for Celebrity Cruises Julsund in 2004 for Fjord1 Kalliste in 1993 for Compagnie meridionale de navigation Le Levant in 1999 for Compagnie du Ponant Celebrity Millennium in 2000 for Celebrity Cruises Mistral in 1999 for Festival Cruises since 2005 Grand Mistral Iberocruceros Napoleon Bonaparte in 1996 for SNCM Nils Dacke in 1994 for TT Lines Nordic Empress in 1990 for Royal Caribbean Cruise Lines Paul Gauguin in 1997 for Radisson Seven Seas Cruises Polonia in 1995 for Unity Lines Radisson Diamond SWATH in 1992 for Radisson Seven Seas Cruises since 2005 Asia Star Romantika in 2002 for Tallink SeaFrance Rodin in 2001 for SeaFrance SeaFrance Berlioz in 2005 for SeaFrance Spirit of Britain in 2010 for P amp O Ferries Spirit of France in 2011 for P amp O Ferries Star in 2007 for Tallink Stena Explorer HSC in 1996 for Stena Line Celebrity Summit in 2001 for Celebrity Cruises Superspeed 1 in 2008 for Color Line Superspeed 2 in 2008 for Color Line Tidedronningen in 2009 for Tide Sjo AS Tidekongen in 2009 for Tide Sjo AS Tideprinsen in 2009 for Tide Sjo AS Tycho Brahe in 1991 for DSB Rederi Ulysses in 2001 for Irish Ferries Victoria 1 in 2004 for Tallink Viking Surkov in 1984 since 2008 Viking Helgi for Viking River Cruises Viking XPRS in 2008 for Viking Line Windward in 1993 for Norwegian Cruise Line ADV Ocean Shield as OSV Skandi BergenReferences edit a b c d Annual Report 2008 STX Europe Retrieved 2009 03 13 Aker Yards and Alstom Marine Complete Transaction Retrieved 26 July 2012 Aker Yards and Alstom Marine plan to join forces Retrieved 26 July 2012 STX Europe 2008 11 05 Aker Yards Changes Name to STX Europe Retrieved 2008 11 05 Aker Yards to be renamed STX Europe Reuters 3 September 2008 Retrieved 26 July 2012 Retrieved from https en wikipedia org w index php title STX Europe amp oldid 1173334872, wikipedia, wiki, book, books, library,

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