Russia’s United Shipbuilding Corporation is said to be looking to sell over 50% in its Arctech Helsinki Shipyard in Finland, according to Finnish sources.
If more than half of the shares in the yard go beyond the USC, it will be able to acquire capital from Western banks, e.g. for construction of cruise ships, which otherwise falls under the economic sanctions. Earlier, USC voiced an intention to build Arctic cruise liners in Helsinki.
“The aim is to find Finnish industrial partners as members of the Helsinki Shipyard. So far, the project has not been successful, but the work will continue, the Finnish media Kauppalehti quotes Evgeny Zagorodniy, Director of USC Passenger Vessels.
“Our shipyard has had discussions with the Finnish government and, at all other times, on a high level, including Esko Aho. The aim is to find Finnish industrial partners as members of the Helsinki Shipyard. So far, the project has not been successful, but the work will continue”, E.Zagorodniy, is quoted as saying.
According to ‘various’ undisclosed sources, the Chinese have also shown their interest in the Helsinki yard. E.Zagorodniy did not comment on a possible sale of shares in Arctech Helsinki to Chinese shipyards.
Arctech Helsinki Shipyard was established as a joint venture between USC and STX Finland in 2010. In 2014, USC acquired from STX Finland the remaining 50% in the yard.
Arctech Helsinki Shipyard has built a number of ice-class vessels for Russia’s top tanker operator Sovcomflot, including a PSV duo for the Sakhalin-1 project and a quartet for Sakhalin-2, as well as the world’s first oblique icebreaker “Baltika” icebreaker and the 16-MWT “Murmansk” icebreaker for the Russian state owned Rosmorport and the world’s first LNG-powered icebreaker “Polaris” for the Finnish Transport Agency.