June 22, 2016

Finnish shipbuilding company receives EUR 68 million order

The gained order will provide Finland-based Rauma Marine Constructions 1000 man-years worth of labour.
The gained order will provide Finland-based Rauma Marine Constructions 1000 man-years worth of labour.
iStock.com/Glen Jones

Finnish shipbuilding company Rauma Marine Constructions (RMC), based in the city of Rauma, has been awarded a contract to build a 158-metre long passenger-car vessel for the Danish ferry operator Mols-Linien.

The order’s market value is around 68 million euros. The entire vessel will be built in Rauma and it will provide RMC 1000 man-years worth of labour.

“The size of this contract is significant for us and our suppliers,” says Heikki Pöntynen, the CEO of RMC. “The contract guarantees full employment to RMC for two years and gives us the possibility to improve the shipbuilding industry in Rauma in the long run. A considerable amount of this business transaction will benefit Finnish society in terms of taxes and tax related payments.”

According to Pöntynen, this contract restores Rauma’s reputation as one of the most important shipbuilding cities in the world. At the same time it demonstrates that the Finnish shipbuilding industry is highly respected globally. Shipyards under different names and owners in Rauma have constructed over 40 ferry boats for use in various parts of the world.

The planning of the vessel has already been started in Rauma and the actual shipbuilding will begin in spring 2017. The daytime ferry service between Bornholm island in Denmark and the mainland will commence in September 2018.

“The order RMC has received is proof of the Finnish shipbuilding industry’s ability to be renewed and its capacity to adapt to shifting expectations and demands of different markets,” says Olli Rehn, Finland’s Minister of Economic Affairs. “This deal is important for the local economy of the Finnish west coast and it will improve the employment situation.”

The company, established in 2014, has full Finnish ownership and it concentrates in building and servicing multi-purpose ice breakers, car and passenger ferries and naval vessels.