Aker Yards Company News

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STX Europe Refinances Revolving Credit Facility
STX Europe, formerly Aker Yards, has refinanced its revolving credit facility.
7:00 PM EST | November 05, 2008
Aker Yards Swaps Name for STX to Focus on International Market
Aker Yards has changed its name to STX Europe to reflect the company's new approach of attaining international market leadership within its cruise and offshore vessel segments.
7:00 PM EST | November 02, 2008
Wartsila to Supply Propulsion Equipment for 5 Offshore Vessels
Wartsila has signed major contracts with Aker Yards AS Soviknes and Aker Yards AS Trading for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil.
7:00 PM EST | November 02, 2008
Aker Yards Changes Oslo Listing, Ticker
Aker Yards ASA has changed the company's name to STX Europe ASA.
8:00 PM EST | October 29, 2008
Norwegian State Secretary Declares Island Wellserver 'Ship of the Year'
The offshore service vessel Island Wellserver, owned by the Norwegian company Island Offshore and built by Aker Yards Langsten, was declared Ship of the Year 2008 at the SMM 2008 Exhibition in Hamburg by the Norwegian State Secretary.
8:00 PM EST | September 23, 2008
Aker Yards Names New Chief Operating Officer
Aker Yards appointed Sang-Ho Shin as Chief Operating Officer. Shin will focus on production efficiency, procurement, logistics, knowledge transfer, technology and innovation.
8:00 PM EST | September 08, 2008
Shareholders Accept STX's Mandatory Offer to Acquire Aker's Shares
STX's financial advisors, ABG Sundal Collier, have confirmed that STX has received acceptances from shareholders representing a total of 54,532,431 shares under the mandatory offer to acquire shares in Aker Yards.
8:00 PM EST | August 20, 2008
STX Gets Go Ahead from Shareholders to Up Stakes in AKY
STX Norway and their financial advisors ABG Sundal Collier announced that STX has received acceptances from shareholders representing a total of 54,512,583 shares under the mandatory offer to acquire shares in AKY.
8:00 PM EST | August 17, 2008
Aker Yards, FLC West Finalize Transaction for Interest in 3 Shipyards
Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70% shareholder in three shipyards in Germany and Ukraine.
8:00 PM EST | July 28, 2008
FLC West Gets Go Ahead as 70% Shareholder in 3 Aker Shipyards
FLC West confirmed to Aker Yards that they have received approval from Ukraine authorities to come in as a 70% shareholder in three of Aker Yards' shipyards in Germany and Ukraine.
8:00 PM EST | July 20, 2008
Aker to Review STX's Madatory Offer for Issued Shares
Aker's Board of Directors will review STX's mandatory offer for all issued shares in the Company at a price of NOK 63 per share, but will advise after the presentation of its second quarter financial results, scheduled for August 8, 2008.
8:00 PM EST | July 17, 2008
Rolls-Royce Reels in Another Contract from Island Offshore
Rolls-Royce won a BBP17 million follow-up order to design and equip a specialist well intervention vessel. The latest order, from Island Offshore, follows the successful delivery of the first well intervention vessel, Island Wellserver, in March.
8:00 PM EST | July 17, 2008
Aker Inks Contract to Construct Vessel for Island Offshore
Aker signed a contract, valued at NOK 1.2B, with Island Offshore to build a well intervention unit for Island Offshore. The vessel will be based on the same design as the "Island Wellserver," and is equipped for operation in the North Sea.
8:00 PM EST | July 14, 2008
Aker Yards Inks Contract with DOF in Brazil
Aker Yards signed a contract with DOF to build three Anchor Handling Tug Supply Vessels, all of which will be of Aker Yards' own design and equipped for operations in the Brazilian market.
8:00 PM EST | July 09, 2008
Aker Yards Delivers SCV Skandi Acergy to DOF Subsea
Aker Yards has delivered the state-of-the-art subsea vessel Skandi Acergy to DOF Subsea. The vessel is not only large, but fast and environmentally friendly as well.
8:00 PM EST | July 08, 2008
Aker Yards Names New Chief of Staff
Magne Hovden has been appointed Chief of Staff for Aker Yards ASA, reporting to the President & CEO. Hovden comes from the position as senior vice president for corporate HR & HSE for Aker Solutions and brings with him solid management experience.
8:00 PM EST | June 03, 2008
Unique Design Solution Wins DOF Contract for Aker Yards
Aker Yards has been awarded a contract with DOF ASA to build an innovative LNG-powered platform supply vessel.
8:00 PM EST | March 10, 2008
Farstad Shipping Lands LOI for Platform Supply Vessel
The contract is for a firm period of 5 years with charterer's option to extend the contract with 4 x 1 year options.
8:00 PM EST | March 10, 2008
Aker Yards CEO Steps Down, Co. Seeks to 'Reestablish Confidence'
Svein Sivertsen, Chairman and acting CEO commented, "We present weak and disappointing results for 2007. The Board believes that it is important to have a new CEO to reestablish confidence with all stakeholders...."
7:00 PM EST | March 02, 2008
Borge Assumes CFO Post at Aker Kvaerner
Mr Leif Borge, CFO, has accepted a position as CFO in Aker Kvaerner ASA and will for that reason leave Aker Yards at the end of his notice period. Recruitment of his successor has been initiated. Mr Borge has been CFO of Aker Yards since 2002.
7:00 PM EST | January 06, 2008
Aker Arctic to Design Multipurpose Icebreaker for Estonia
The value of the agreement is close to EUR 6 million, including the development of the conceptual design, the basic design, preparation of the tender documents needed for a public procurement for building the ship, and construction supervision.
7:00 PM EST | January 02, 2008
Aries Marine Orders PSV Units from Aker Yards
Aries Marine has signed a letter of intent with Eastern Shipbuilding Group for the construction of two Aker Yards PSV23 DE supply vessels.
7:00 PM EST | December 06, 2007
Aker Yards Revenues Increase 15.4% in 3Q 2007
Aker Yards had revenues of NOK 7 508 million in the third quarter of 2007, an increase of 15.4% compared with NOK 6 505 million in the corresponding period of 2006.
7:00 PM EST | November 06, 2007
Aker Explores Strategic Options in Light of New Ownership
Aker Yards has decided to actively explore the company's strategic options in regards to the new ownership.
7:00 PM EST | November 06, 2007
Aker Yards to Build AHTS for DOF Installer
Aker Yards has signed a contract with DOF Installer ASA for building of a highly sophisticated Anchor Handling Supply Vessel (AHTS).
7:00 PM EST | November 04, 2007
Aker Yards to Build More Offshore Vessels for "K" Line
Aker signs a NOK 1.4 billion contract to build 4 PSVs for "K" Line Offshore.
8:00 PM EST | October 31, 2007
STX Takes Strategic 39.2% Stake in Aker Yards
STX has acquired a 39.2% strategic shareholding in Aker Yards.
8:00 PM EST | October 22, 2007
Aker Yards Reviews Strategic Alternatives
Aker Yards gathers relevant information in order to review strategic alternatives available to maximize the value of the Company.
8:00 PM EST | October 22, 2007
Aker Yards Eyes Bond Issue
Aker Yards ASA is considering to issue bonds in NOK (2 and 3 years respectively) of minimum NOK 200 million in each loan, one bond in EUR for 3.5 years of minimum EUR 25 million.
8:00 PM EST | September 16, 2007
Aker Yards Receives Order for Two New AHTS Vessels
Aker Yards has entered into a contract with an International Shipping Company, for building of two Anchor Handling Tug Supply Vessels of Aker Yards AH 12 design.
8:00 PM EST | August 30, 2007
Aker Yards to Build Offshore Vessels for Solstad
Aker Yards has entered into contracts with Solstad Offshore ASA for building of one Platform Supply/ ROV Vessel of Aker PSV/ROV 06 CD design and one Offshore Subsea Construction and Maintenance Vessel of Aker OSCV 06 L design.
8:00 PM EST | August 14, 2007
Aker Yards to Build Platform Supply Vessel for Portosalvo Ltd
Aker Yards has entered into a contract with Portosalvo Ltd to build one Aker PSV 09 CD-designed platform supply vessel valued at NOK 310 million.
8:00 PM EST | July 25, 2007
DOF Installer Orders AHTS Vessel from Aker Yards
DOF Installer ASA has tapped Aker Yards to build an additional new high-end subsea installation and construction anchor handling vessel.
8:00 PM EST | July 04, 2007
Aker Yards Names Julin CEO
Yrjo Julin, 49, has been appointed President & CEO of Aker Yards.
8:00 PM EST | June 10, 2007
AGR Wins Maintenance and Inspection Contract from Aker Borgestad
AGR Group said that its AGR EmiTeam division has been awarded an important contract to provide maintenance and inspection management solutions for FPSO vessels operated by Aker Borgestad Operations.
8:00 PM EST | May 22, 2007
Aker's Chief: No Aker Kvaerner Share Flotation
Aker has regularly been the subject of rumors claiming an imminent floatation in the market of Aker's significant holding of Aker Kværner stock. Aker hereby announces that no such sale will occur.
8:00 PM EST | May 22, 2007
DNV, Partners Pursue Ship Design 'Powerhouse'
Aker Yards, Rolls Royce Marine and DNV are joining forces with the Norwegian University of Science and Technology (NTNU) in Trondheim.
8:00 PM EST | May 10, 2007
Aker Yards to Build Supply Vessels for Nord Capital
Aker Yards has signed a contract with Nordcapital, Germany, to deliver two UT-776 CD platform supply vessels. The total value of the contract is approximately NOK 680 million.
8:00 PM EST | May 08, 2007
Aker Yards to Build AHTS Vessels for Rem
Aker Yards has entered into a contract with Rem Con AS a subsidiary of Rem Offshore ASA for building of two AHTS vessels. The value of the contract is approximately NOK 1.4 billion in total.
8:00 PM EST | May 03, 2007
Aker Wins Six-vessel Order for New Yard in Vietnam
Aker Yards has entered into a contract with Aker Capital for building of six Anchor Handling Supply Vessels at Aker Yards' new shipyard in Vietnam. The value of the contract is approximately NOK 1.5 billion.
8:00 PM EST | May 02, 2007
Aker Yards Stock Split Gets Green Light
The annual general meeting in Aker Yards ASA on Thursday approved the Board's proposal to split the share (1:5) so that each share with par value of NOK 20 becomes five new shares with par value NOK 4.
8:00 PM EST | March 28, 2007
Aker Yards to Build PSVs for Gulf Offshore
Aker Yards has entered into a contract with Gulf Offshore NS. Ltd. for building of two Platform Supply Vessels based of the Aker design PSV 09 CD.
8:00 PM EST | March 21, 2007
Scana Volda Garners Contract from Aker Yards
Scana Volda AS has entered into an agreement with Aker Yards Trading for delivery of gear, propellers and remote control systems for four anchor handling tugs.
8:00 PM EST | March 12, 2007
Aker and DOF to Build Oilfield Services Unit with Own Resources
Aker Innovation and DOF Subsea have decided to continue to build Aker Oilfield Services without other co-owners at this time.
8:00 PM EST | March 11, 2007
Aker Yards to Build Anchor Handling Supply Vessels for DOF
Aker Yards has entered into a contract with DOF ASA for building of two AHTS vessels, and an option to build another two vessels.
7:00 PM EST | March 04, 2007
Aker Companies, DOF Target Subsea Oilfield Services
Aker, Aker Kværner, Aker Yards and DOF Subsea have established Aker Oilfield Services Ltd. The initial ownership will be 75 percent to the Aker companies, through the recently established Aker Innovation entity, and 25 percent to DOF Subsea.
7:00 PM EST | March 01, 2007
Aker Yards, Aker Oilfield Services Make Deal for Four Vessels
Aker Yards has entered into a contract with Aker Oilfield Services to build four large well intervention / construction vessels, and an option for another two vessels.
7:00 PM EST | March 01, 2007
New Aker Company to Focus on Subsea Well Intervention
Aker, Aker Kværner, and Aker Yards have joined forces to establish the company Aker Innovation.
7:00 PM EST | February 28, 2007
Aker Yards Continues Profitable Growth
Aker Yards ASA reported an EBITDA of NOK 401 million for the fourth quarter of 2006, an increase of 15 percent compared with the fourth quarter of 2005.
7:00 PM EST | February 15, 2007
Aker to Sell Upward of 2.3M Aker Yards Shares
Aker ASA has decided to sell up to 2.34 million shares of its Aker Yards shareholding.
7:00 PM EST | January 18, 2007