| Industry | Shipbuilding |
|---|---|
| Founded | 1989 |
| Headquarters | Turku, Finland. |
| Products | cruise ships, ferries, arctic vessels |
| Parent | STX Group STX Europe ASA |
| Subsidiaries | STX Finland Oy STX France Cruise SA STX Norway Offshore AS |
| Website | www.stxeurope.com |
STX Finland Cruise Oy, formerly Aker Yards Oy, is a Finnish shipbuilding company operating three shipyards in Finland, in Helsinki, Turku and Rauma, employing some 4,000 people. It is part of STX Europe a group of International shipbuilding companies.
The current STX Finland Cruise Oy is a descendant of different shipyard companies. Wärtsilä operated the shipyards of Helsinki and Turku since the 1930's. Wärtsilä's shipbuilding division went bankrupt in 1989 after merging with Valmet shipyards. Masa-Yards was established by Martin Saarikangas with financing from the shipping companies to finish the ships under construction, eventually taking over the operations of Wärtsilä's former shipyards. In the mid-90's Kvaerner purchased Masa-Yards and Kvaerner Masa-Yards was born. In 1991 the shipbuilding businesses of Hollming Oy of Rauma and Rauma-Repola of Rauma were merged to form Finnyards.[1] This company was purchased by Kvaerner and became Aker Finnyards. In January 2005 Kvaerner Masa-Yards and Aker Finnyards merged to form the "new" Aker Finnyards Oy. The name of the company was changed to Aker Yards Oy on 7 June 2006, and to STX Finland Cruise Oy on 23 November 2008, but uses STX Europe as the marketing name.
STX Europe in Finland and its predecessors have built many luxurious cruise ships, including the very first modern purpose-built cruise ship, the Song of Norway. Recent cruise ships built by the company include the two Oasis-class vessels, Oasis of the Seas (2009) and Allure of the Seas (2010) which currently hold the record for largest cruise ships in the world. STX Europe is also responsible for the largest cruiseferry in the world, Color Line's Color Fantasy, and her sister ship Color Magic that entered service in late 2007.
The company is also the principal yard for the Finnish Navy and the world's leading builder of icebreakers. It has a 50% share in Arctech Helsinki Shipyard, a joint venture with United Shipbuilding Corporation.[2]
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