Meyer Turku

Meyer Turku Oy
Formerly called
 STX Finland Oy
osakeyhtiö
Industry shipbuilding
Predecessor Wärtsilä Marine
Founded 7 November 1989 (1989-11-07) as Masa-Yards Turku New Shipyard
Founders Finnish state
Martin Saarikangas
Ted Arison
Headquarters Perno, Turku, Finland
Key people
 Jan Meyer
Products cruise ships, cruise ferries[1]
Revenue
  • Increase€593,600,000 (2015)[2]
  • €464,845,000 (2014)[1]
  • Increase€25,100,000 (2016)[3]
  • Increase€15,100,000 (2015)[2]
  • –€28,248,000 (2014)
Number of employees
 1,562 (2014)[1]
Parent Meyer Werft GmbH
Subsidiaries
  • Piikkio Works Oy
  • Shipbuilding Completion Oy
  • ENG'nD Oy
Website meyerturku.fi

Meyer Turku Oy is a Finnish shipbuilding company located in Turku, Finland Proper. The company is fully owned by German shipbuilder Meyer Werft GmbH. The main products are cruise ships and cruiseferries.

The shipbuilding facility is Perno shipyard in Turku. The yard area is 144 hectares and it is equipped with a 365-metre long dry dock and a bridge crane with capacity of 600 tonnes. Additionally, the company owns subsidiaries Shipbuilding Completion Oy, Rauma-based ENG'nD Oy and Piikkiö-located cabin builder Piikkio Works Oy.

The company was founded in November 1989 under name Masa-Yards Oy to continue operations of the previously bankrupted Wärtsilä Marine. The heritage, however, goes back to 1737 when industrial shipbuilding was first started in Turku.

Company

Meyer Turku Oy is fully owned by Germany-based Meyer Werft GmbH.

Perno shipyard

The main facility is Turku shipyard that is situated in Perno, Turku. The yard area is 144 hectares and it is equipped with a dry dock that is 365 metres long, 80 wide and 10 deep. The main crane is a bridge crane with 600 tonnes capacity.

Piikkio Works

Ship cabins are built in a separate factory in Piikkiö, Kaarina under subsidiary Piikkio Works Oy. The company employs 134 people and its turnover is €38.9 million (2014).[4]

Shipbuilding Completion

Shipbuilding Completion designs and builds ship interior outfitting and operates in Perno shipyard premises.[5] The company turnover is €13.3 million and it employs 16 people (2014).[6]

ENG'nD

END'nD is an engineering company that is specialised on piping and electrical wiring system design. The company is based in Rauma and its turnover is €2.7 million.[7]

History

Heritage

History of industrial shipbuilding in Turku goes back to 1737, when the Swedish king gave to Turku merchants Esaias Wechter and Henric Rungeen a licence for shipbuilding next to river Aura. They recruited Scottish master shipbuilder Robert Fithie to lead the shipbuilding projects. After Wechter and Rungeen discontinued shipbuilding, Fithie founded a new company which later became known as Turku Old Shipyard.[8] The company was taken over by William Crichton who incorporated it into his own company W:m Crichton & C:o in 1882. The main customer was Imperial Russian Navy which ordered a number of torpedo boats and other vessels.[9] Crichton's company bankrupted in 1913, after which local businessmen Ernst and Magnus Dahlström founded Ab Crichton to continue shipbuilding. As all the Finnish shipbuilders, Ab Crichton suffered of low order intake at the early 1920s; it went together with its competitor and neighbour Ab Vulcan in 1924. The new company name became Ab Crichton-Vulcan Oy and its manager became Allan Staffans.[10] It got large orders from the Finnish Navy, most significant ones being coastal defence ships Väinämöinen and Ilmarinen.[11] By time Crichton-Vulcan grew the biggest shipbuilding company of Finland. The major owner became Helsinki-based Kone- ja Siltarakennus which also owned the Hietalahti shipyard. In 1935 Kone- ja Siltarakennus was taken over by Karelian iron mill Wärtsilä which was led by energetic Wilhelm Wahlforss.[12] Most of the ships produced by Wärtsilä Crichton-Vulcan were exported to Soviet Union but the importance of western market increased by time. The historical name Crichton-Vulcan was replaced by Wärtsilä Turku Shipyard in 1966.[13]

Moving to Perno

The old yard area at river Aura was surrounded by the growing city and when Tankmar Horn became manager of Wärtsilä in the early 1970s, he initiated building a completely new yard out of the urban area. Construction of Perno yard began in 1975 and operations were gradually moved from river Aura to the new premises.[13] Wärtsilä's reputation as cruise ship builder grew and the proportion of freight ships decreased gradually. In 1987 Wärtsilä put together its shipbuilding operations with Valmet creating Wärtsilä Marine. Due to collapse of Soviet exports, errors in price calculations and other reasons, Wärtsilä Marine bankrupted in October 1989.[14]

Foundation and Norwegian ownership

The company was founded as Masa-Yards Turku New Shipyard in November 1989 to continue operations of the previously bankrupted Wärtsilä Marine. The founders were Helsinki shipyard manager Martin Saarikangas, state of Finland and companies of which ships were laying unfinished at Wärtsilä Marine yards. Both the state and the shipowners wanted to sell the shares as soon as the operations were restarted and subsequently the company was taken over by Norwegian Kværner in 1990.[15] By 2002 the major owner of Kværner became another Norwegian company Aker which already owned the Finnish Rauma shipyard. In 2004 the shipbuilding activities were put under the same organisation Aker Yards. In 2008 Korean STX Corporation took over Aker Yards.

STX Finland

The Korean owner renamed the European organisation STX Europe and its Finnish branch became STX Finland. Perno yard was specialised on large cruise ships and cruise ferries with a high degree of processing. Other branches were shipyards in Rauma and Helsinki and naval engineering company Aker Arctic.[16]

STX fell into financial crisis and at end of 2012 asked financial support from the Finnish government in order to receive a large cruise ship order from RCCL. The government rejected, because the overall project financing was not on a plausible base. STX decided to build the ship at its French shipyard in Saint-Nazaire, where the government was more generous. Loss of the valuable order in difficult economical situation made the future of Finnish shipbuilding uncertain. The Finnish government started a secret operation to find more stable operators for the shipyards in order to save the industry in the country. The Rauma shipyard was closed in 2013 and the ground was sold to town of Rauma; the yard is now operated by Rauma Marine Constructions. The sole owner of Helsinki shipyard became Russian USC, which earlier owned half of it. In 2014 the new operator for Turku yard became Meyer Werft under name Meyer Turku.[16] At the beginning the state was joint owner until Meyer Werft bought the rest of the shares.

List of ships built or on order

Ship name Client Year Type Gross tonnage Yard number IMO number Status Notes Image Ref
Mein Schiff 4 TUI Cruises 2015 Cruise ship 99,526 GT 1384 9678408 In service [17]
Mein Schiff 5 TUI Cruises 2016 Cruise ship 99,500 GT 1389 9753193 In service [18][19]
Megastar Tallink 2017 Cruiseferry 49,000 GT 1391 9773064 In service [20]
Mein Schiff 6 TUI Cruises 2017 Cruise ship 99,500 GT 1390 9753208 In service [18]
Mein Schiff 1 TUI Cruises 2018 (planned) Cruise ship 111,500 GT 1392 9783564 Under construction [21][22]
Mein Schiff 2 TUI Cruises 2019 (planned) Cruise ship 111,500 GT 1393 9783576 Under construction [21][22]
Costa Crociere 2019 (planned) Cruise ship 183,200 GT 9781889 Ordered [23]
Carnival Cruise Lines 2020 (planned) Cruise ship 183,200 GT Ordered [24]
Costa Crociere 2021 (planned) Cruise ship 183,200 GT 9781891 Ordered [23]
Carnival Cruise Lines 2022 (planned) Cruise ship 183,200 GT Ordered [24]
Royal Caribbean International 2022 (planned) Cruise ship 200.000 GT Ordered Project Icon [25]
Royal Caribbean International 2024 (planned) Cruise ship 200.000 GT Ordered Project Icon [25]

References

  1. 1 2 3 "Meyer Turku Oy – Taloustiedot" [Meyer Turku Oy – Financial data]. Taloussanomat (in Finnish). Sanoma News Oy. Retrieved 2015-12-27.
  2. 1 2 "Meyer-Turku Reports Profit". Cruise Industry News. 2016-05-09. Retrieved 2016-05-15.
  3. ↑ "Meyer Turku steigert Gewinn um 67%". 2017-05-05. Retrieved 2017-05-05.
  4. ↑ "Piikkio Works Oy – Taloustiedot" [Piikkio Works Oy – Financial data]. Taloussanomat (in Finnish). Sanoma News Oy. Retrieved 2015-12-27.
  5. ↑ "Shipbuilding Completion". Turku. Retrieved 2015-12-27.
  6. ↑ "Shipbuilding Completion Oy – Taloustiedot" [Shipbuilding Completion Oy – Financial data]. Taloussanomat (in Finnish). Sanoma News Oy. Retrieved 2015-12-27.
  7. ↑ "Technology Design and Engineering Eng'nD Oy". Kauppalehti (in Finnish). Helsinki: Kauppalehti Oy. Retrieved 2015-12-27.
  8. ↑ Järvinen, Tapani (2013). "Veistämöitä ja telakoita Martinrannassa, osa I – Telakkatoiminnan varhaiset vaiheet" [Boatworks and shioyards in Martinranta, part I – Early stages of shipbuilding] (pdf). Martinranta (in Finnish). Turku: Martinrantaseura ry (2): 6–12. Retrieved 2016-01-02.
  9. ↑ Knorring: 2. William Crichtonin muistiinmerkintöjä. pp. 17–30.
  10. ↑ Knorring: Osakeyhtiö Crichton. pp. 79–84.
  11. ↑ Knorring: Suomen laivaston uudisrakennukset. pp. 97–107.
  12. ↑ Knorring: Suuri nousu. pp. 107–114.
  13. 1 2 Knorring: Crichton-Vulcanista Turun telakkaan. pp. 126–135.
  14. ↑ Knorring: Wärtsilä Marinen tarina. pp. 140–146.
  15. ↑ Knorring: Masa-Yardsin tarina. pp. 147–152.
  16. 1 2 Rautio, Paavo; Tietäväinen, Ville (2015-01-15). "STX – kuinka telakkateollisuus pelastettiin keinoja kaihtamatta" [STX – how shipbuilding industry was saved with any means]. hs.fi (in Finnish). Helsinki: Sanoma company. Retrieved 2016-01-02.
  17. ↑ "Mein Schiff 4 (33031)". DNV GL Vessel Register. Det Norske Veritas. Retrieved 17 May 2015.
  18. 1 2 Keel laying of TUI Cruises Mein Schiff 5 and start of production for Mein Schiff 6 at Meyer Turku. Meyer Turku, 23 June 2015. Retrieved 2016-04-20.
  19. ↑ http://www.turkulainen.fi/artikkeli/406419-mein-schiff-5-valmistui-etuajassa-kohti-saksaa-huomenna. Turkulainen, 20 June 2016. Retrieved 2016-06-21.
  20. ↑ The keel of the Tallink’s new LNG-powered fast ferry Megastar was laid at the Meyer Turku shipyard. Meyer Turku, 9 February 2016. Retrieved 2016-04-20.
  21. 1 2 Meyer Turku to build Mein Schiff 7 and 8 for TUI Cruises. Meyer Turku, 1 July 2015. Retrieved 2016-04-20.
  22. 1 2 Mein Schiff 7 and 8 to become 1 and 2 as oldest ships go to Thomson. Seatrade Cruise News, 24 June 2016. Retrieved 2016-06-30.
  23. 1 2 Carnival Corporation orders two cruise ships from Meyer Turku. Meyer Turku, 15 June 2015. Retrieved 2016-04-20.
  24. 1 2 "Media Center - Carnival Corporation". Retrieved 2016-09-06.
  25. 1 2 "Meyer Turku wins two new large cruise ship orders from Royal Caribbean". 2016-10-11. Retrieved 2016-10-11.

Bibliography

von Knorring, Nils (1995). Aurajoen veistämöt ja telakat [Boat- and Shipyards along River Aura] (in Finnish). Espoo, Finland: Schildts Förlags Ab. ISBN 951-50-0735-6. 

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