STX Europe

STX Europe
Company typePrivate
IndustryShipbuilding
PredecessorAker Yards
Founded2004
(as Aker Yards)
2008
(as STX Europe)
HeadquartersOslo, Norway
Key people
  • In-Sung Lee (chairman of​ the board)
  • Su-jou Kim (president &​ CEO)
RevenueNOK 31,496 million (2008)[1]
Decrease (NOK 561million) (2008)[1]
Increase NOK 40 million (2008)[1]
OwnerSTX Offshore & Shipbuilding
Number of employees
15,500(2008)[1]

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, (Offshore & Specialist Vessels), 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.

  1. ^ a b c d "Annual Report 2008". STX Europe. Retrieved 2009-03-13.