Page 47: of Maritime Reporter Magazine (February 2015)

cruise ships, and offshore units. (Re- • Technip Pori, subsidiary of the Finnish Shipping have been made to move more cargo cently, MEYER WERFT and the Finn- French Technip, a world leader in proj- Finnish shipping business has changed through water transport but there has not ish Government signed a share purchase ect management, engineering and con- over the years. Historically, there have been any perceptible change. agreement with the current owner STX struction for the energy industry focuses been large Finnish shipping companies Bodies of water cover almost 10% of

Europe. With its 70% stake MEYER on offshore construction and drilling rig with liner traf? c even outside of Fin- Finland and it is aptly called the Land of

WERFT takes industrial leadership of projects installed all over the world. land, strongly supported by local in- a Thousand Lakes. the new company). dustry (such as FÅA/Effoa, Finnlines). There are approximately 190,000 • Arctech Helsinki Shipyard Inc. The (Next) Boom in Offshore However, due to the in? exibility of lakes in Finland, which is more than owned by Russian United Shipbuilding The future and long-term prospects labor unions, cost pressure and global- those found in any other country. About

Corporation (USC) started its operations of offshore industry looks promising, ization, Finnish industry began to look 180,000 islands are scattered around on April 1, 2011 in Helsinki. It specializ- despite the current low price per barrel. elsewhere and has increasingly shifted Finland. Along the coast an estimated es in Arctic shipbuilding technology and The offshore industry, which comprises to foreign suppliers. At the same time, 95,000 islands form one of the world’s other Arctic offshore and special vessels. of more than 150 active companies, ex- shipowners have begun to ? ag out their most complex archipelagos which is also • British Rolls-Royce is a leading in- perienced substantial growth in exports vessels to save costs. As a consequence, Europe’s largest. This includes the self- tegrator of technologically complex, between 2010 and 2012, which de- the percentage of Finnish tonnage han- governing province of the Åland Islands, mission critical system for ships and creased slightly in 2014 compared to the dling exports/imports has dropped from which lie off the south-west coast of Fin- offshore oil and gas, merchant and naval previous year. The total exports of the 49% in the 1970s to 29% in 2012. land.

vessels. Rolls-Royce Oy Ab’s Rauma industry exceeded Euros 1.7 billion in The ef? cient and economical running site is one of the world’s biggest produc- 2014. Technology is the most important of Finland’s vital international transport tion units of Azimuth thrusters used for offshore industry segment in Finland Inland & Coastal Transport demands a comprehensive and safe net- offshore drilling rigs and supply vessels. accounting for over Euros 13 billion, Although gifted with a long coastline work of fairways. • ABB Marine Systems, leading around 70 % of the industry’s revenue. and extensive inland waterways, much The mission of the Finnish Maritime producer of electric power and propul- Major players include Wärtsilä, Rolls- of the domestic cargo in Finland contin- Administration is to build fairways so sion systems for ships. ABB Marine Royce, ABB and Steerprop, special- ues to move by road and rail. The total that they intermesh seamlessly with oth- & Cranes unit develops and produces izing in propulsion, power and engine length of the fairway network of approx- er modes of transport. electricity and automation solutions for technologies. The industry employing imately 16,000 km maintained by the In addition to merchant shipping, fair- ships. Its main product is a true Finnish around 5,000 persons is known for its Finnish Maritime Administration con- ways also serve other shipping services, innovation: electrical Azipod propulsion high technological expertise and uncom- sists of coastal fairways of 8,200 km and such as island ferries, ? shing and boat- system. promising quality in offshore as well. inland waterways of 7,800 km. Efforts ing.

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