• 2019 September 21 11:34

    Rauma Shipyard bags Finnish Navy's four corvettes order

    Rauma Marine Construction says that four new multipurpose corvettes for the Finnish Navy will be constructed at Rauma shipyard. The design phase will resume with immediate effect and construction of the first vessel will start at the shipyard in 2022. The Finnish Government approved the procurement, valued at approximately EUR 700 million. Rauma Marine Constructions Oy and the Finnish Defence Forces will formally sign the agreement for the construction of the multipurpose corvettes on September 26, 2019. CEO Jyrki Heinimaa is pleased that Rauma’s long traditions of building Finnish naval ships will continue.  

    Rauma Marine Constructions Oy and the Finnish Defence Forces have come to an agreement regarding the construction of the new fleet of four multipurpose corvettes for the Finnish Navy. The Squadron 2020 project will replace a large number of the Finnish Navy’s existent fleet, consisting of seven vessels. The Finnish Government approved the procurement contract today, September 19, 2019. The two parties will formally sign the construction agreement on September 26. The combat system, including weapons and sensors, will be provided by Saab, accompanied by necessary design and installation services by RMC.

    The multipurpose corvettes will be delivered by 2026 and will be taken into operational use by the Finnish Navy in 2028. The procurement will have a considerable impact on employment, totalling around 3,600 person-years.

    “This agreement is significant not only for its effect on local employment and businesses, but also on a national level, since at peak time, the project will employ some 1,000 people. Rauma Marine Constructions is a wholly Finnish-owned shipbuilding company, which continues the city of Rauma’s longstanding traditions of supplying combat vessels for the Finnish Defence Forces. Through this agreement, Finland will once again have a domestically built fleet, which supports our country’s security of supply”, says Jyrki Heinimaa, CEO, Rauma Marine Constructions.

    Furthermore, according to Heinimaa, the project is also vital in strengthening the Finnish maritime industry and research conducted within the industry. RMC has, among other things, invested in production methods for light steel structures for the vessels and the agreement will also include new development and research projects.

    “Projects such as Squadron 2020 enable new innovations and technology solutions to be utilised in a broader spectrum within Finnish shipbuilding”, adds Heinimaa.

    Due to its strong order book, the shipyard is able to take a leading role in domestic maritime development projects. A good example is the ongoing construction of the new car and passenger ferry for Kvarken Link, which thanks to an array of innovative solutions, is the world’s first car and passenger ferry to be awarded the Clean Design certificate.

    During the process of constructing the vessels, the shipyard will also develop the readiness to provide life-cycle services for the vessels following their delivery to the navy.

    Ability to accommodate both combat vessels and civilian vessels

    The Finnish Defence Forces is an important partner of RMC. In addition, the company’s order book of commercial civilian projects has also grown exponentially, and the company is profitable and has displayed strong growth. The agreement with the Finnish Defence Forces will bring RMC’s order book to over EUR 1 billion and create a positive impact on employment until the year 2026. The work will continue after the delivery as well, through the life-cycle services provided for the vessels.

    Due to security reasons the corvettes and the commercial vessels will be built in separate locations at the shipyard. A new car and passenger ferry for the Vaasa-Uumaja route is currently under construction at the shipyard, as well as the planning of the Shuttle ferry for Tallink. RMC also announced its extended cooperation with the Meyer Turku shipyard. The cooperation has included construction blocks for cruise ships for the Turku-based shipyard and is now continuing, with RMC acquiring a licence to use the planning materials of the Shuttle’s sister ship, MS Megastar, from Meyer Turku. The materials will be used in planning the new ferry.

    “Our shipyard is well equipped to handle the construction of both the civil and the governmental vessels simultaneously, which has also been successfully done in the past at Rauma shipyard. The Squadron 2020 project will naturally have its separate security arrangements and the construction is fully separated from the commercial civilian shipbuilding also through internal organisational arrangements”, notes Heinimaa.

    As part of the project, the owners of RMC and the Finnish Defence Forces will also sign an agreement. The owners are committed to the project.

    “We are happy that our owners have been behind this project since the beginning”, says Mikko Niini, chairman of the board at RMC.




2019 October 16

18:37 Damen partners with TCS for increased vessel connectivity
18:07 AET christens two of the world's first LNG dual-fuel DPSTs to be chartered out to Norway's Equinor
17:35 PSA Marine signs frame agreement with Hydroniq Coolers
17:22 MODEC awarded Letter of Intent by Petrobras related to Marlim 1 FPSO
16:57 Throughput of port Kaliningrad in Jan-Sep’2019 fell by 21% Y-o-Y to 8.45 million tonnes
16:22 Throughput of port Vysotsk in Jan-Sep'2019 climbed by 4% Y-o-Y to 14.27 million tonnes
16:22 IBM boards the Mayflower Autonomous Ship project
15:58 Patrol ship of RF Navy’s Black Sea Fleet to take part in events dedicated to anniversary of Navarino battle
15:35 Navios Maritime Partners announces repayment of its Term Loan B
15:19 Throughput of port Primorsk in Jan-Sep’2019 grew by 18% Y-o-Y to 46.93 million tonnes
14:53 Port of Ust-Luga handled 77.49 million tonnes in 9M’19, up 7% Y-o-Y
14:34 NEPTUN WERFT holds keel laying ceremony for AIDAcosma
14:06 Throughput of Port St. Petersburg in Jan-Sep'2019 grew by 2% Y-o-Y to 44.97 million tonnes
13:45 Zvezda shipyard lays down fourth Aframax tanker for Rosnefteflot
13:20 Carnival Cruise Line to add fourth ship in Galveston
12:12 Hapag-Lloyd to apply a Peak Season Surcharge from North Europe to East Asia
11:51 WMU and AHHIC cooperate on marine insurance
11:33 Gazprom Neft establishes a Singapore subsidiary company to develop its international marine lubricants business
11:20 Intensive training on port management and efficiency held in France
10:57 IMO visited United Kingdom to assess country's implementation of special maritime security measures
10:14 LUKOIL enters Ghasha project for extraction of hydrocarbons in UAE
10:01 MPA of Singapore to strengthen collaboration on cyber resilience and response at the 5th Port Authorities Roundtable
09:59 APM Terminals Gothenburg to double rail volumes by 2022
09:52 Brent Crude futures price is up 0.19% to $58.85, Light Sweet Crude – up 0.13% to $52.88
09:36 Baltic Dry Index is down to 1,898 points
09:18 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
08:43 Award-winning yachts honored at Cannes - Azimut, Benetti, and Galeon
08:35 MABUX: Bunker Market this morning, Oct 16

2019 October 15

18:37 MOL conducts tabletop drill based on an incident simulation involving containership
18:07 Fincantieri announces delivery of the fourth Royal Princess class ship at the Monfalcone shipyard
17:55 Tatarstan and Gazprom sign action plan for implementation of pilot project on using LNG powered ships
17:36 Keppel delivers fourth jackup rig to Borr Drilling
17:06 Maritime and Port Authority of Singapore revokes Inter-Pacific Petroleum Pte Ltd’s bunker craft operator licence
16:49 Hudson Shipping Lines joins the Trident Alliance as a member
16:26 PGNiG: a new oil and gas discovery in the Norwegian Sea
15:32 Port of Kiel announces conclusion of cruise season with turnover of cruise passengers having grown by 33.6% YoY
15:04 TechnipFMC awarded subsea contract for PetroVietnam Gas’ Nam Con Son 2 Phase 2 Gas pipeline development in Vietnam
14:35 Deltamarin provides RMC with design services for the Tallink ferry project
14:31 Port of HaminaKotka and Steveco jointly constructed pulp terminal in Kotka’s Mussalo Harbour
13:57 Shore power to improve air quality and reduce noise in Port and City of Tallinn
13:20 “Wind Barriers at the Freeport of Riga” project receives Annual Riga Architecture Award
12:54 Krasnoye Sormovo delivers Pola Pelagia, yet another dry cargo carrier of Project RSD59
12:18 Bunker prices are flat at the Far East ports of Russia (graph)
11:55 Khabarovsk Shipyard launched pontoon dock gate for city protection against floods
11:09 Amendments to IMO's Ballast Water Management Convention enter into force on 13 October 2019
10:56 Trade Port Posiet handled 4.4 million tonnes of cargo in 9M’2019, up 4% YoY
10:37 World Maritime University delivered its Maritime Business Integrity and Corruption Awareness Seminar
10:09 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
09:38 Brent Crude futures price is down 0.76% to $58.9, Light Sweet Crude – down 0.67% to $53.23
09:32 MABUX: Bunker market this morning, Oct 15
09:22 Baltic Dry Index is down to 1,916 points
09:14 Jan De Nul helps to boost Mauritania’s iron ore export
08:59 CMA CGM announces FAK rates from Asia to North Africa

2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime