ShippingWatch

Finland and German shipbuilder wants to buy STX yard

First South Korean STX shut down the major shipyard in Rauma, Finland, and since then the yard in Turku has been struggling financially. The Finnish government and German Meyer Werft are working to acquire the shipyard.

Photo: PRESSEFOTO STX

South Korean STX Offshore & Shipbuilding's yard activities in Finland could be history within the near future. At least if the Finnish government succeeds with its plans for the STX shipyard in Turku.

According to Reuters, the government is considering - together with German shipbuilder Meyer Werft - to acquire the shipyard, STX's last remaining facility in the country after the financially struggling company announced the closure of the Rauma yard during the summer 2013, a move that cost 620 employees their job, while 50 workers from the Turku yard would have to start looking for a new job this summer.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs