Helsinki Shipyard
Finland’s Archtech Helsinki Shipyard is to obtain a brand-new possession and also a brand-new name. The lawn’s initiatives to win brand-new orders have actually been badly hindered by the truth that it is presently possessed by Russia’s United Shipbuilding Corporation, which undergoes both united state and also EU assents.
Now, it appears, it is to be possessed by a various Russian entity that is exempt to those permission:Algador Holdings That firm is possessed by Rishat Bagautdinov and also Vladimir Kasyanenko, whose firms consisting of Russia’s biggest river cruise liner driver, Vodohod LLC.
In prep work for the closing, Arctech Helsinki Shipyard Oy (AHS) is developing a brand-new firm,Helsinki Shipyard Oy AHS will certainly move its possessions and also procedures to Helsinki Shipyard Oy, which will certainly proceed shipbuilding at the Helsinki shipyard. In the deal, AHS will certainly offer 100% of Helsinki Shipyard Oy’s shares to Algador Holdings Ltd.
Following the deal AHS will certainly proceed its shipbuilding procedures as an investor of Nevsky Shipyard LLC. The last vessel that will certainly be supplied from Helsinki shipyard under AHS’s possession is the Arctic vessel NB515, which finished sea tests on May 12.
“The transaction will not have any effect on subcontracts. AHS’s personnel will be transferred to Helsinki Shipyard Oy without changes to their contracts. Under the new owners Helsinki shipyard can concentrate on its core expertise, which are strong ice-class vessels and cruise ships”, claims Victor Olerskiy, the inbound Chairman of the Board of the Helsinki Shipyard Oy, that is a previous Deputy Minister of Transport of the Russian Federation
Establishing Helsinki Shipyard is referred to as “an important step in moving forward with tender backlog, which currently total at 1.5 billion EUR. The tenders consist of several cruise ships, icebreakers and LNG tankers. Letters of intent have already been signed for some of the tenders.”
