Aker Yards

Infobox Company
company_name = Aker Yards ASA
company_
company_type = Public
foundation = 2004
location = Oslo, Norway
key_people = Svein Sivertsen (Chairman of the board, acting President and CEO)
area_served =
industry = Shipbuilding
products =
revenue = NOK 33,298 million (2007)cite web |url=http://hugin.info/134984/R/1215852/253838.pdf |title=Annual Report 2007 |publisher=Aker Yards |accessdate=2008-05-08]
operating_income = loss (NOK 198 million) (2007)
net_income = profit NOK 92 million (2007)
num_employees = 20,950 (2007)
parent =
subsid =
homepage = [http://www.akeryards.com www.akeryards.com]
intl = yes

Aker Yards (ose|AKY) is a Norway-based, international shipbuilding company with 18 shipyards in Norway, Finland, Germany, Romania, Brazil, France, Ukraine and Vietnam. The company is the largest shipbuilding company in Europe and the fourth largest in the World. The company has three business areas: Cruise & Ferries, Merchant Vessels and Offshore & Specialized Vessels. Aker Yards was split from its mother company Aker ASA, controlled by Kjell Inge Røkke and also listed on Oslo Stock Exchange in 2004.In April 2006, Aker Yards bought Alstom Marine, Alstom's naval construction activities, with Chantiers de l'Atlantique in Saint-Nazaire.Aker Yards is now a publicly traded company on Oslo Stock Exchange and was owned 40.1% by the Aker Group until March 2007, when Aker ASA sold its shares, though remaining an important customer of Aker Yards. In October 2007, STX Shipbuilding secured a 39,2% stake of Aker Yards, currently being the sole industrial owner of the group.

Operations

Cruise & Ferries

The cruise & ferries division constructs vessels at shipyards in Finland and France. The division had a revenue of NOK 11,178 million in 2006. Two 62000 gross ton ferries are to be built in Germany for Stena Line, to be delivered in 2010. [ [http://www.akeryards.com Aker Yards ASA ] ]

Merchant Vessels

The merchant vessels are produced at the yards in Germany, Romania, Ukraine and Norway. The division had a revenue of NOK 6,460 million in 2006.

Offshore & Specialised Vessels

The offshore and specialised vessel division produces its ships in Norway, Finland, and Brazil while hulls are often constructed in Romania. In 2008 a brand new shipyard in Vietnam is constructed to serve the Asian market. Ships made by this division include field support, subsea support, Arctic vessels, fishing vessels, naval craft, research vessels and coast guard vessels. The division had a revenue of NOK 7,749 million in 2006.

trategic areas

Aker Arctic Technology, with 25 employees in Finland, focuses on Arctic vessels. Aker Yards Marine, Projects, Solutions and Aker Design offer ship design services while Aker Yards Cabins makes 6,000 ready-made cabins annually.

List of shipyards

* Aker Yards, Norway (located at Aukra, Brevik, Langsten, Brattvaag, Florø and Søviknes)
* Aker Yards, Germany (located at Wismar and Rostock-Warnemünde, former VEB "Mathias-Thesen-Werft" Wismar and VEB Warnowwerft Warnemünde)
* Aker Yards, Finland (located at Helsinki, Rauma and Turku)
* Aker Yards, Braila and Aker Yards, Tulcea
* Aker Yards, France (75% ownership)
* Aker Yards, Brazil (51% ownership)
* Damen Shipyards Okean
* Aker Yards, Vietnam

References

ee also

* STX Shipbuilding