Meyer Turku Announces 450 Permanent Layoffs

A cruise ship under construction at the Meyer Turku shipyard in Turku, Finland. Photo: Meyer Turku HELSINKI, April 28 (Reuters) – German shipyard Meyer Werft’s Finnish subsidiary on Tuesday started statutory talks to lay off up to 450 of its roughly 2,000 employees because of a hit to business from the coronavirus pandemic. The shipyard,Continue reading “Meyer Turku Announces 450 Permanent Layoffs”

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Small ships popular but proving difficult to get built

Shipyard problems have delayed Ritz-Carlton Yacht Collection’s first ship, the Evrima. The small-ship cruise sector is booming, but getting its ships built on time is proving to be a big challenge. Expedition and small luxury ships are among the hottest segments when it comes to passenger demand. But unlike the mega-liners churned out like clockworkContinue reading “Small ships popular but proving difficult to get built”

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Fincantieri to buy stake in STX France shipyard

STX France shipyard An agreement has been reached for the Italian shipbuilder Fincantieri to acquire 48% of the French shipyard in St. Nazaire that is one of a handful of yards that builds large cruise ships. The French yard is majority-owned by Korean conglomerate STX with the French government a minority 33% partner. The FrenchContinue reading “Fincantieri to buy stake in STX France shipyard”

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