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Helsinki Shipyard

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This article is about a shipbuilding company. For shipyards located in Helsinki, see Helsinki shipyard.
Helsinki Shipyard
Company typeOsakeyhtiö
IndustryShipbuilding
PredecessorArctech Helsinki Shipyard
FoundedMay 15, 2019 (2019-05-15)[1]
Headquarters
Helsinki
,
Finland
Key people
Kim Salmi (CEO)[2]
ProductsIcebreaking vessels, cruise ships
Revenue
  • Increase€178,479,000 (2021)
  • €60,509,000 (2020)[1]
  • Decrease€41,000 (2021)
  • €771,000 (2020)[1]
OwnerAlgador Holdings
Number of employees
443 (12/2021)[1]
Websitehelsinkishipyard.fi

Helsinki Shipyard Oy is a Finnish shipbuilding company based at Hietalahti shipyard in Helsinki, Finland. The company was established in 2019 to continue the shipbuilding activities of Arctech Helsinki Shipyard in Finland.

History

Helsinki Shipyard was established in May 2019 to take over the shipbuilding activities of Arctech Helsinki Shipyard at Hietalahti shipyard in downtown Helsinki.[3][4] The company had become an economic burden for its Russian owners after the European Union and the United States imposed economic sanctions on the shipyard's Russian state-owned parent company, United Shipbuilding Corporation (USC), as a response to the Russian involvement in the unrest in Ukraine. In early 2018, it was reported that USC was looking for a new majority owner for Arctech Helsinki Shipyard which was making heavy cumulative losses and had been unable to attract new orders since 2016.[5] In April 2019, the Russian government finally authorized the sale of the shipyard.[6][7]

The sale of the shipbuilding operations in Finland was announced on 15 May 2019. In preparation of the transaction, a new shipbuilding company Helsinki Shipyard would be established to take over the assets and operations of Arctech Helsinki Shipyard at Hietalahti Shipyard. It would then be sold to Algador Holdings, a private Russian company owned by Rishat Bagautdinov ja Vladimir Kasyanenko while Arctech would remain as a subsidiary of the United Shipbuilding Corporation and continue shipbuilding operations in Russia as a shareholder of the Saint Petersburg-based Nevsky Shipyard. Victor Olerskiy, the former deputy Russian transport minister and the former head of Federal Agency of Maritime and River Transportation, was appointed as the chairman of the board of the new company.[3][4]

Orders

Shortly after the change of ownership, the new owners hinted that the first shipbuilding order for the new company would be announced within a month from its founding.[8] In late May 2019, Hufvudstadsbladet reported that the shipyard had signed a letter of intent for the construction of two 150-to-160-passenger expedition cruise ships to an undisclosed buyer.[9] On 27 June, the shipyard confirmed an order for two 113-metre (371 ft) expedition cruise ships with capacity of 157 passengers under the name "Project Vega". While Kommersant initially reported that the ships would be built for Vodohod, a Russian shipping company owned by the same people who acquired the Helsinki shipyard,[10] in 2020 it was revealed that the vessels would be operated by the revived British cruise line Swan Hellenic.[11] Steel block production began at Western Baltija Shipbuilding in Klaipėda, Lithuania, on 27 April 2020 and hull assembly of the first vessel, SH Minerva, began with keel laying in Helsinki on 24 September 2020,[12] followed by launching on 23 June 2021[13] and delivery in late November.[14] The keel of the second vessel, SH Vega, was laid on 4 February 2021[15] The Polar Class 5 vessels were delivered in 2021 and 2022, respectively.[16]

On 20 October 2020, Finnish media reported that Helsinki Shipyard was about to sign a shipbuilding contract for a third expedition cruise ship for Swan Hellenic.[17][18] On the following day, the shipyard confirmed a 150 million euro order for a Polar Class 6 luxury cruise ship with a capacity of 196 passengers in 96 cabins. The construction of the ship began on 10 June 2021 with steel cutting at CRIST in Poland and the keel will be laid in Helsinki in late 2021.[19] The 125-metre (410 ft) SH Diana, slightly larger than its two predecessors, is scheduled to enter service in early 2023.[20]

On 18 January 2022, Helsinki Shipyard announced that it had received an order for a large LNG-powered icebreaker from Norilsk Nickel in late 2021. The construction of the largest and most powerful diesel-electric icebreaker ever built in Finland was planned to begin in 2022 with delivery slated for late 2024.[21] In February 2022, the project was put on hold due to international sanctions following Russia's invasion to Ukraine.[22] On 30 September 2022, the Ministry for Foreign Affairs refused to grant an export license for the vessel.[23]

List of ships built or on order

See also: List of ships built at Hietalahti shipyard
Ship name Year Type Yard number IMO number Status Notes Image Ref
SH Minerva 2021 Cruise ship 516 9895240 In service [12][16]
SH Vega 2022 Cruise ship 517 9895252 In service [15][24]
SH Diana 2023 (planned) Cruise ship 518 9921740 Under construction [19][20]
2024 (planned) Icebreaker 519 9957804 Cancelled[23] [21][25]

References

  1. ^ a b c d "Helsinki Shipyard Oy". Kauppalehti. Alma Talent. Retrieved 6 September 2022.
  2. ^ "Kim Salmi appointed CEO of Helsinki Shipyard Ltd". Helsinki Shipyard. 1 September 2022. Retrieved 6 September 2022.
  3. ^ a b "Helsinki shipyard acquisition will be finalized in May" (PDF). Arctech Helsinki Shipyard. 15 May 2019. Retrieved 15 May 2019.
  4. ^ a b "Helsingin telakan myynnistä sopu, venäläisliikemiehet puikkoihin – välttyykö telakka jatkossa sanktioilta?". Kauppalehti. Alma Media. 15 May 2019. Retrieved 15 May 2019.
  5. ^ "Ostohuhujen keskellä olevalla Helsingin telakalla valtavat tappiot - TE: "Miksi Kermas haluaisi ostaa telakan?"". Kauppalehti. Alma Talent. 22 January 2018. Retrieved 22 January 2019.
  6. ^ "Arctech Shipyardin uusi toimitusjohtaja: Helsingin telakan myynti toteutuu kevääseen mennessä". YLE. 22 January 2019. Retrieved 22 January 2019.
  7. ^ "Правительство разрешило продажу Arctech" (in Russian). Kommersant. 10 April 2019. Retrieved 11 April 2019.
  8. ^ "Helsingin telakan kauppa on sinetöity – toimitusjohtajaksi suomalainen". Navigator Magazine. Osakeyhtiö Laivastolehti. 20 May 2019. Retrieved 20 May 2019.
  9. ^ "Helsinki Shipyard signs LOI for two expedition cruise ships – report". CruiseBusiness.com Magazine. 29 May 2019. Retrieved 29 May 2019.
  10. ^ ""Водоходъ" взял курс на полюс" (in Russian). Kommersant. 3 June 2019. Retrieved 4 June 2019.
  11. ^ "Helsingin telakan risteilyalusten taustalta paljastui yllättävä omistaja" (in Finnish). Navigator Magazine. 23 July 2020. Retrieved 12 September 2020.
  12. ^ a b "First Keel Laying Ceremony at Helsinki Shipyard". Helsinki Shipyard. 24 September 2020. Retrieved 24 September 2020.
  13. ^ "The first Swan Hellenic's expedition cruise ship was launched at Helsinki Shipyard". Helsinki Shipyard. 23 June 2021. Retrieved 23 June 2021.
  14. ^ "A new 5-star ship for Cultural Expedition Cruises named SH Minerva at Helsinki Shipyard". Helsinki Shipyard. 24 November 2021. Retrieved 18 January 2022.
  15. ^ a b "Helsinki Shipyard lays the keel for Swan Hellenic's SH Vega". Seatrade Cruise News. 11 February 2021. Retrieved 11 February 2021.
  16. ^ a b "The production of the luxury expedition cruise vessels started today". Helsinki Shipyard. 27 April 2020. Retrieved 27 April 2020.
  17. ^ "Helsingin telakan uusi tilaus tuo töitä tuhannelle: Eksoottinen risteilykonsepti kiinnostaa korona-aikanakin – "Äärettömän iloinen asia"". Kauppalehti (in Finnish). Alma Media. 20 October 2020. Retrieved 20 October 2020.
  18. ^ "Miljoonia euroja ja tuhat uutta työpaikkaa – Helsingin telakka saamassa uuden risteilijätilauksen, toimitusjohtajan mukaan asia varmistuu lähipäivinä" (in Finnish). YLE. 20 October 2020. Retrieved 20 October 2020.
  19. ^ a b "Helsinki Shipyard: Kolmannen tutkimusristeilijän tuotanto käynnistyi" (in Finnish). Navigator Magazine. 12 June 2021. Retrieved 12 June 2021.
  20. ^ a b "Swan Hellenic's third and larger ship is called SH Diana". Seatrade Cruise News. 6 April 2022. Retrieved 7 April 2022.
  21. ^ a b "Helsinki Shipyard on saanut uuden jäänmurtajatilauksen Norilsk Nickeliltä" (in Finnish). Navigator Magazine. 18 January 2022. Retrieved 18 January 2022.
  22. ^ "Helsingin telakkaa haetaan konkurssiin" (in Finnish). Kauppalehti. 6 September 2022. Retrieved 6 September 2022.
  23. ^ a b "The Ministry of Foreign Affairs has given a negative decision regarding the export license to the icebreaker ordered by Norilsk Nickel". Helsinki Shipyard. 4 October 2022. Retrieved 4 October 2022.
  24. ^ "Helsingin vaikeuksissa olleelle telakalle tilaus – toimittaa kaksi jokiristeilyalusta Venäjälle" (in Finnish). YLE. 27 June 2019. Retrieved 28 June 2019.
  25. ^ "HELSINKI 519 (9957804)". Equasis. Ministry of Ecology, Sustainable Development and Energy. Retrieved 18 January 2022.
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