Russians acquire remains of STX yard in Finland

STX Finland has sold its 50 percent stake in shipyard Arctech Helsinki Shipyard to Russian United Shipbuilding Corporation, which now owns the entire company, says the yard.
Photo: Arctech Helsinki Shipyard
Photo: Arctech Helsinki Shipyard
BY KATRINE GRØNVALD RAUN

Finnish yard Arctech Helsinki Shipyard, which specializes in ships for Arctic sailing, is now owned 100 percent by Russian United Shipbuilding Corporation (USC), as the group has acquired 50 percent of the shares from STX Finland, a subsidiary of STX Europe owned by parties in South Korea.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading