STX Europe


STX Europe AS, formerly Aker Yards ASA, was until 2012 a subsidiary of the South Korean STX Offshore & Shipbuilding.
With headquarters in Oslo, Norway, STX Europe operated 15 shipyards in Brazil, Finland, France, Norway, Romania and Vietnam. The company had three business areas: Cruise & Ferries, Offshore & Specialized Vessels and Other Operations.
In 2012, with rising outstanding debts, STX retained the Finnish cruise shipbuilding yard and sold the remainder as STX OSV Holdings,, including all the yards, to Fincantieri, which renamed the group Vard.
In September 2014 STX Finland was sold, 70% to Meyer Werft and 30% to the Finnish government. The operations were continued under name Meyer Turku thereafter. Meyer Werft acquired the Finnish government's 30% in April 2015.
In 2017 STX France was acquired by the French government after the bankruptcy of STX Corporation and reverted to its original name of Chantiers de l'Atlantique.

History

Background: before 2006

The evolution of STX Europe originated with the founding of two prominent shipbuilding groups in Europe. One was the Norway-based Aker Yards, created in 2004 by combining the shipbuilding activities of Aker and Kværner with the France-based Alstom shipbuilding group, which has shipyards in Saint-Nazaire and in Lorient.

Transition to STX Europe, and expansion: 2006–2012

On 4 January 2006, Aker Yards and Alstom announced their intention to join forces in shipbuilding and create together one of the world leaders in this industry, focused on high-value-added ships, including world-class cruise ships. The merger gave Aker Yards a majority shareholding over Alstom's shipbuilding activities; which included Chantiers de l'Atlantique shipyard – the builder of the liner.
Aker ASA, the majority shareholder of Aker Yards; reduced its ownership share from 50.4% to 40.1% in January 2007. Aker divested its total shareholding in March 2007, and in October 2007, STX Business Group secured a 39.2% stake of Aker yards. Later, STX took a controlling stake, and renamed the group to STX Europe on 3 November 2008 to reflect the new ownership structure.
In January 2009, STX business group acquired the remaining shares in STX Europe and became the company's sole shareholder. In February 2009, it was decided to delist STX Europe from Oslo Stock Exchange where it was previously listed under the ticker STXEUR.

Operations

Cruise & Ferries

The Cruise & Ferries division constructs vessels mainly at shipyards in Finland and France. The business area had revenues of NOK 19,709 million in 2008.

List of shipyards

Cruise + Ferry

Other Operations

OSV (OffShore & Specialized Vessels)

STX Europe has two shipyards in Romania: Braila and Tulcea. The steel hulls for most of STX Europe's new building projects are being built by Braila and Tulcea in Romania. STX Europe's yard in Braila is situated 170 km up the River Danube. Portfolios consist of hull production, delivery of complete merchant vessels together with repair and conversion work. The yard has a 1300m long outfitting quay, facilities for simultaneous mounting or repairing of 12 vessels and equipped with multiple 50 tonne portal cranes. The mounting platform and launching berth have capacity for vessels up to 135 x 23 m and a maximum launching and lifting weight of 2500 tonne and 2200 tonne respectively.
STX Europe's yard in Tulcea is located at nautical mile 39.5 on the right bank of the Danube, upstream of Tulcea, and it is one of the youngest Romanian firms in the field. In Tulcea STX Europe offers services in shipbuilding, conversions and repairs. It has a large covered hall where four ships can be built simultaneously. Over 6000 people working here, it is the greater capacity of offshore and specialised division.
  • STX OSV Niteroi SA
  • STX OSV Vietnam Ltd.

Production

Ships

STX Europe :Adventure of the Seas, in 2001 for Royal Caribbean Cruise LineAllure of the Seas, in 2010 for Royal Caribbean Cruise LineCarnival Legend, in 2002 for Carnival Cruise LinesCarnival Miracle, in 2004 for Carnival Cruise LinesCarnival Pride, in 2001 for Carnival Cruise LinesCarnival Spirit, in 2001 for Carnival Cruise LinesCoral Princess, in 2001 for Princess CruisesCosta Atlantica, in 2000 for Costa CruisesCosta Mediterranea, in 2003 for Costa CruisesExplorer of the Seas, in 2000 for Royal Caribbean Cruise LineFreedom of the Seas, in 2006 for Royal Caribbean Cruise LineIndependence of the Seas, in 2008 for Royal Caribbean Cruise Line, in 2003 for Princess CruisesLiberty of the Seas, in 2007 for Royal Caribbean Cruise LineMajesty of the Seas, in 1992 for Royal Caribbean Cruise LineMariner of the Seas, in 2003 for Royal Caribbean Cruise LineMonarch of the Seas, in 1991 for Royal Caribbean Cruise LineMSC Divina, in 2012 for MSC CruisesMSC Fantasia, in 2008 for MSC CruisesMSC Lirica, in 2003 for MSC CruisesMSC Magnifica, in 2010 for MSC CruisesMSC Musica, in 2006 for MSC CruisesMSC Opera, 2004 for MSC CruisesMSC Orchestra, in 2007 for MSC CruisesMSC Poesia, in 2008 for MSC CruisesMSC Preziosa, in 2013 for MSC CruisesMSC Splendida, in 2009 for MSC CruisesNavigator of the Seas, in 2002 for Royal Caribbean Cruise LineOasis of the Seas, in 2009 for Royal Caribbean Cruise LineQueen Mary 2, in 2003 for Cunard LineR One, in 1998 for Renaissance Cruises R Two, in 1998 for Renaissance Cruises R Three, in 1999 for Renaissance Cruises R Four, in 1999 for Renaissance Cruises R Five, in 1998 for Renaissance Cruises R Six, in 2000 for Renaissance Cruises R Seven, in 2000 for Renaissance Cruises R Eight, in 2001 for Renaissance Cruises Rhapsody of the Seas, in 1999 for Royal Caribbean Cruise LineVision of the Seas, in 1998 for Royal Caribbean Cruise LineVoyager of the Seas, in 1999 for Royal Caribbean Cruise LineArmorique, in 2009 for Brittany FerriesAurora af Helsingborg, in 1992 for ScandlinesBaltic Princess, in 2006 for TallinkBirka Paradise, in 2004 for Birka LineColor Fantasy, in 2004 for Color LineColor Magic, in 2007 for Color LineCelebrity Constellation, in 2002 for Celebrity CruisesAeolos Express, in 2000 for NEL Lines Aeolos Express II, in 2001 for NEL Lines Aeolos Kenteris, in 2001 for NEL LinesCotentin, in 2007 for Brittany FerriesCrystal Serenity, in 2003 for Crystal CruisesDestination Gotland, in 1999 for Destination GotlandDreamward, in 1992 for Norwegian Cruise LineDryna, in 2005 for Fjord1European Stars, in 2002 for Festival Cruises European Vision, in 2001 for Festival Cruises Galaxy, in 2006 for TallinkGlutra, in 2000 for MRFHamlet, in 1997 for ScandlinesHamnavoe, in 2002 for NorthLink FerriesHaroy, in 2006