Family-controlled German shipyard Meyer Werft will get full ownership of Finland's Turku shipyard. Since Turku was acquired in September 2014 from STX Europa, Meyer has shared ownership with the Finnish state, which owned 30 percent of the shares, and Meyer had an option to purchase this stake - an option that Meyer will now exercise.
"At the time of the purchase Meyer was only operating shipyards in Germany and therefore going to invest in Finland was a big and strategic step for us. Our well-coordinated acquisition with the Finnish Government made it possible for us to implement this strategic move, and I am sincerely grateful for the government for its valuable contribution. In general, I hope that our decision to buy all the shares is received as a sign of confidence that we can make Turku shipyard a long term shipbuilding success," says Jan Meyer, Chief Executive Officer of Meyer Turku, in a statement from the yard.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
DSV grows markedly in Latin America – from 30 to thousands of employees in 13 years
In 13 years, DSV has expanded vigorously in Latin America, and last year the region represented the highest growth rates in the logistics firm’s air and sea business. Large acquisitions have given access to new markets, says regional head in an interview with ShippingWatch.
Decline in spot rates may put pressure on carriers' contract earnings
Diving spot rates on container freight mean that more shippers are expected to want to leave the more costly long contracts, according to analysts. This may hit carriers such as Maersk, where seven out of ten are on contract. Futures indicate rate decline as well.
Maersk Broker sees stagnating sales of container, dry bulk ships
After an extreme year in both the container and dry bulk segments, which have seen several ship sales, trading is now stagnating somewhat. ”There are fewer buyers, but optimism isn’t gone,” Maersk Broker executive tells ShippingWatch.
A pair of Nikes will see marginal price increase from greener shipping
The price of usual consumer goods such as shoes and fridges will remain largely unchanged following the green transformation of shipping, concludes analysis by NGO Transport & Environment.
KPI Oceanconnect increased Asia volumes markedly last year
Bunker market uncertainty made its mark on KPI Oceanconnect’s business in 2021/2022, but the Bunker Holding subsidiary reports marked volume increases in Hong Kong and China.
Senior Legal Counsel with a focus on Offshore Renewables 
Safety Leadership & Transformation Manager 
Crewing officer 
Accountant Assistant - Creditor & Payment Team 
Head of Airfreight 
Head of Vessel Operations 
Senior Sales Manager