Arctech Helsinki Shipyard is in 100 % Russian ownership as United Shipbuilding Corporation bought the other half of the company shares from STX Finland Oy.
Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50 % of the shipyard shares from STX Finland, a subsidiary of the Korean owned STX Europe. The joint venture was established to respond to the need of growing market of Arctic shipbuilding and to unite the Finnish and Russian maritime clusters. The new ownership arrangement is expected to further strengthen the Finnish-Russian shipbuilding cooperation.
Arctech Helsinki Shipyard started production of the New Icebreaking Multipurpose Supply Vessel
November 26, 2014
The production of the icebreaking multipurpose supply vessel for Sovcomflot was started with steel cutting on 26 November 2014. The ceremony took place at Vyborg Shipyard, where the blocks of the vessel are produced. The production start was attended by representatives from Sovcomflot, United Shipbuilding Corporation, Russian Maritime Register of Shipping, Vyborg Shipyard and Arctech Helsinki Shipyard.
Arctech Helsinki Shipyard signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be built for the North East Sakhalin Offshore region oil and gas field where they will serve the operator of Sakhalin-2, Sakhalin Energy Investment Company Ltd. (SEIC). The contract was made in May 2014 and the total value of the order is about USD 380 million.
Designing of the icebreaking stand-by vessels will start immediately and the vessels will be delivered between September 2016 and March 2017. The series of the state-of-the-art icebreaking vessels for Sovcomflot includes also one bigger platform supply vessel, which was contracted between Arctech and Sovcomflot in April 2014.