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, after the bankruptcy of STX Corporation, the company was acquired by the French government 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.