STX, USC join to build arctic vessels

STX Finland Oy and United Shipbuilding Corp. have formed a joint venture to specialize in arctic shipbuilding.

Offshore staff

OSLO, Norway – STX Finland Oy and United Shipbuilding Corp. have formed a joint venture to specialize in arctic shipbuilding. The new company, Arctech Helsinki Shipyard Oy, will purchase the Helsinki shipyard from STX.

The JV joins Russian and Finnish experts to build icebreakers and other specialized vessels.

United Shipbuilding Corp. is the state-owned Russian shipbuilding corporation formed in 2007. The company has 42 shipyards in Russia and it focuses on developing the Russian civilian and military shipbuilding industry.

STX Finland belongs to the STX Europe group comprising 15 yards in Finland, France, Norway, Romania, Brazil, and Vietnam.

12/10/2010

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