Aker Yards Company News

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STX Europe Refinances Revolving Credit Facility
Thursday, November 06, 2008STX Europe, formerly Aker Yards, has refinanced its revolving credit facility.

Aker Yards Swaps Name for STX to Focus on International Market
Monday, November 03, 2008Aker 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.

Wartsila to Supply Propulsion Equipment for 5 Offshore Vessels
Monday, November 03, 2008Wartsila 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.

Aker Yards Changes Oslo Listing, Ticker
Thursday, October 30, 2008Aker Yards ASA has changed the company's name to STX Europe ASA.

Norwegian State Secretary Declares Island Wellserver 'Ship of the Year'
Wednesday, September 24, 2008The 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.

Aker Yards Names New Chief Operating Officer
Tuesday, September 09, 2008Aker Yards appointed Sang-Ho Shin as Chief Operating Officer. Shin will focus on production efficiency, procurement, logistics, knowledge transfer, technology and innovation.

Shareholders Accept STX's Mandatory Offer to Acquire Aker's Shares
Thursday, August 21, 2008STX'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.

STX Gets Go Ahead from Shareholders to Up Stakes in AKY
Monday, August 18, 2008STX 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.

Aker Yards, FLC West Finalize Transaction for Interest in 3 Shipyards
Tuesday, July 29, 2008Aker 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.

FLC West Gets Go Ahead as 70% Shareholder in 3 Aker Shipyards
Monday, July 21, 2008FLC 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.

Aker to Review STX's Madatory Offer for Issued Shares
Friday, July 18, 2008Aker'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.

Rolls-Royce Reels in Another Contract from Island Offshore
Friday, July 18, 2008Rolls-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.

Aker Inks Contract to Construct Vessel for Island Offshore
Tuesday, July 15, 2008Aker 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.

Aker Yards Inks Contract with DOF in Brazil
Thursday, July 10, 2008Aker 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.

Aker Yards Delivers SCV Skandi Acergy to DOF Subsea
Wednesday, July 09, 2008Aker 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.

Aker Yards Names New Chief of Staff
Wednesday, June 04, 2008Magne 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.

Unique Design Solution Wins DOF Contract for Aker Yards
Tuesday, March 11, 2008Aker Yards has been awarded a contract with DOF ASA to build an innovative LNG-powered platform supply vessel.

Farstad Shipping Lands LOI for Platform Supply Vessel
Tuesday, March 11, 2008The contract is for a firm period of 5 years with charterer's option to extend the contract with 4 x 1 year options.

Aker Yards CEO Steps Down, Co. Seeks to 'Reestablish Confidence'
Monday, March 03, 2008Svein 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...."

Borge Assumes CFO Post at Aker Kvaerner
Monday, January 07, 2008Mr 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.

Aker Arctic to Design Multipurpose Icebreaker for Estonia
Thursday, January 03, 2008The 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.

Aries Marine Orders PSV Units from Aker Yards
Friday, December 07, 2007Aries Marine has signed a letter of intent with Eastern Shipbuilding Group for the construction of two Aker Yards PSV23 DE supply vessels.

Aker Yards Revenues Increase 15.4% in 3Q 2007
Wednesday, November 07, 2007Aker 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.

Aker Explores Strategic Options in Light of New Ownership
Wednesday, November 07, 2007Aker Yards has decided to actively explore the company's strategic options in regards to the new ownership.

Aker Yards to Build AHTS for DOF Installer
Monday, November 05, 2007Aker Yards has signed a contract with DOF Installer ASA for building of a highly sophisticated Anchor Handling Supply Vessel (AHTS).

Aker Yards to Build More Offshore Vessels for "K" Line
Thursday, November 01, 2007Aker signs a NOK 1.4 billion contract to build 4 PSVs for "K" Line Offshore.

STX Takes Strategic 39.2% Stake in Aker Yards
Tuesday, October 23, 2007STX has acquired a 39.2% strategic shareholding in Aker Yards.

Aker Yards Reviews Strategic Alternatives
Tuesday, October 23, 2007Aker Yards gathers relevant information in order to review strategic alternatives available to maximize the value of the Company.

Aker Yards Eyes Bond Issue
Monday, September 17, 2007Aker 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.

Aker Yards Receives Order for Two New AHTS Vessels
Friday, August 31, 2007Aker 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.

Aker Yards to Build Offshore Vessels for Solstad
Wednesday, August 15, 2007Aker 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.

Aker Yards to Build Platform Supply Vessel for Portosalvo Ltd
Thursday, July 26, 2007Aker 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.

DOF Installer Orders AHTS Vessel from Aker Yards
Thursday, July 05, 2007DOF Installer ASA has tapped Aker Yards to build an additional new high-end subsea installation and construction anchor handling vessel.

Aker Yards Names Julin CEO
Monday, June 11, 2007Yrjo Julin, 49, has been appointed President & CEO of Aker Yards.

AGR Wins Maintenance and Inspection Contract from Aker Borgestad
Wednesday, May 23, 2007AGR 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.

Aker's Chief: No Aker Kvaerner Share Flotation
Wednesday, May 23, 2007Aker 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.

DNV, Partners Pursue Ship Design 'Powerhouse'
Friday, May 11, 2007Aker Yards, Rolls Royce Marine and DNV are joining forces with the Norwegian University of Science and Technology (NTNU) in Trondheim.

Aker Yards to Build Supply Vessels for Nord Capital
Wednesday, May 09, 2007Aker 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.

Aker Yards to Build AHTS Vessels for Rem
Friday, May 04, 2007Aker 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.

Aker Wins Six-vessel Order for New Yard in Vietnam
Thursday, May 03, 2007Aker 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.

Aker Yards Stock Split Gets Green Light
Thursday, March 29, 2007The 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.

Aker Yards to Build PSVs for Gulf Offshore
Thursday, March 22, 2007Aker 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.

Scana Volda Garners Contract from Aker Yards
Tuesday, March 13, 2007Scana 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.

Aker and DOF to Build Oilfield Services Unit with Own Resources
Monday, March 12, 2007Aker Innovation and DOF Subsea have decided to continue to build Aker Oilfield Services without other co-owners at this time.

Aker Yards to Build Anchor Handling Supply Vessels for DOF
Monday, March 05, 2007Aker Yards has entered into a contract with DOF ASA for building of two AHTS vessels, and an option to build another two vessels.

Aker Companies, DOF Target Subsea Oilfield Services
Friday, March 02, 2007Aker, 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.

Aker Yards, Aker Oilfield Services Make Deal for Four Vessels
Friday, March 02, 2007Aker 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.

New Aker Company to Focus on Subsea Well Intervention
Thursday, March 01, 2007Aker, Aker Kværner, and Aker Yards have joined forces to establish the company Aker Innovation.

Aker Yards Continues Profitable Growth
Friday, February 16, 2007Aker 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.

Aker to Sell Upward of 2.3M Aker Yards Shares
Friday, January 19, 2007Aker ASA has decided to sell up to 2.34 million shares of its Aker Yards shareholding.