Meyer Turku Oy

Formerly	STX Finland Oy
Company type	Osakeyhtiö
Industry	Shipbuilding
Predecessor	Wärtsilä Marine
Founded	7 November 1989 (1989-11-07) as Masa-Yards Turku New Shipyard[1]
Founders	Finnish state Martin Saarikangas Ted Arison
Headquarters	Perno, Turku , Finland
Key people	Tim Meyer (CEO)[2]
Products	Cruise ships,passenger ferries and special ships[3]
Revenue	€1,826,860,000 (2024) €1,432,472,000 (2023)[1]
Operating income	€135,190,000 (2024) –€37,976,000 (2023)[1]
Number of employees	2,356 (12/2024)[1]
Subsidiaries	Piikkio Works Oy Shipbuilding Completion Oy ENG'nD Oy
Website	meyerturku.fi

Meyer Turku Oy is aFinnish shipbuilding company located inTurku,Finland. The main products arecruise ships andcruiseferries.

The shipbuilding facility isPerno shipyard in Turku. The yard area is 144 hectares and it is equipped with a 365-metre-long dry dock and twobridge cranes with capacities of 600 and 1,200 tonnes. Additionally, the company owns subsidiaries Shipbuilding Completion Oy,Rauma-based ENG'nD Oy andPiikkiö-locatedcabin builder Piikkio Works Oy.

The company was founded in November 1989 under name Masa-Yards Oy to continue operations of the previouslybankruptedWärtsilä Marine. The heritage, however, goes back to 1737 when industrial shipbuilding was first started in Turku. The present company is owned and managed by the Meyer family associated with the German shipbuilderMeyer Werft.

The main facility isTurku shipyard that is situated inPerno,Turku. The yard area is 144 hectares and it is equipped with adry dock that is 365 metres long, 80 metres wide and 10 metres deep. The maincrane is abridge crane with 600 tonnes capacity.^{[citation needed]}

Ship cabins are built in a separate factory inPiikkiö,Kaarina under subsidiary Piikkio Works Oy. The company employs 134 people and its turnover was €38.9 million in 2014.^[4]

Shipbuilding Completion designs and builds ship interior outfitting and operates in Perno shipyard premises.^[5] The company turnover was €13.3 million in 2015 when it employed 16 people (2014).^[6]

ENG'nD is an engineering company that is specialised on piping and electrical wiring system design. The company is based inRauma and its turnover was €2.7 million in 2015.^[7]

History of industrial shipbuilding in Turku goes back to 1737, when the Swedish king gave to TurkumerchantsEsaias Wechter andHenric Rungeen a licence for shipbuilding next toriver Aura. They recruitedScottish master shipbuilder Robert Fithie to lead the shipbuilding projects. After Wechter and Rungeen discontinued shipbuilding, Fithie founded a new company which later became known asTurku Old Shipyard.^[8]The company was taken over byWilliam Crichton who incorporated it into his own companyW:m Crichton & C:o in 1882. The main customer wasImperial Russian Navy which ordered a number oftorpedo boats and other vessels.^[9] Crichton's company bankrupted in 1913, after which local businessmenErnst andMagnus Dahlström foundedAb Crichton to continue shipbuilding. As all the Finnish shipbuilders, Ab Crichton suffered of low order intake at the early 1920s; it merged with its competitor and neighbourAb Vulcan in 1924. The new company name becameAb Crichton-Vulcan Oy and its manager becameAllan Staffans.^[10] It got large orders from theFinnish Navy, most significant ones beingcoastal defence shipsVäinämöinen andIlmarinen.^[11] By time Crichton-Vulcan grew the biggest shipbuilding company of Finland. The major owner became Helsinki-basedKone- ja Siltarakennus which also owned theHietalahti shipyard. In 1935 Kone- ja Siltarakennus was taken over by Karelian iron millWärtsilä which was led by energeticWilhelm Wahlforss.^[12] Most of the ships produced by Wärtsilä Crichton-Vulcan were exported toSoviet Union but the importance of western market increased by time. The historical name Crichton-Vulcan was replaced byWärtsilä Turku Shipyard in 1966.^[13]

The old yard area at river Aura was surrounded by the growing city and whenTankmar Horn became manager of Wärtsilä in the early 1970s, he initiated building a completely new yard out of the urban area. Construction of Perno yard began in 1975 and operations were gradually moved from river Aura to the new premises.^[13] Wärtsilä's reputation as cruise ship builder grew and the proportion of freight ships decreased gradually. In 1987 Wärtsilä put together its shipbuilding operations withValmet creatingWärtsilä Marine. Due to collapse of Soviet exports, errors in price calculations and other reasons, Wärtsilä Marine bankrupted in October 1989.^[14]

The company was founded as Masa-Yards Turku New Shipyard in November 1989 to continue operations of the previously bankrupted Wärtsilä Marine. The founders were Helsinki shipyard managerMartin Saarikangas, state of Finland and companies of which ships were laying unfinished at Wärtsilä Marine yards. Both the state and the shipowners wanted to sell the shares as soon as the operations were restarted and subsequently the company was taken over byNorwegianKværner in 1990.^[15] By 2002 the major owner of Kværner became another Norwegian companyAker which already owned the Finnish Rauma shipyard. In 2004 the shipbuilding activities were put under the same organisationAker Yards. In 2008 KoreanSTX Corporation took over Aker Yards.

The Korean owner renamed the European organisation STX Europe and its Finnish branch became STX Finland. Perno yard was specialised on large cruise ships and cruise ferries with a high degree of processing. Other branches were shipyards inRauma andHelsinki and naval engineering companyAker Arctic.^[16]

STX fell into a financial crisis and at the end of 2012 asked for financial support from the Finnish government in order to receive a large cruise ship order fromRCCL. The government rejected this, because the overall project financing was not on a plausible basis. STX decided to build the ship at itsFrench shipyard inSaint-Nazaire, where the government was more generous. The loss of such a valuable order in a difficult economic situation made the future ofFinnish shipbuilding uncertain. The Finnish government started a secret operation to find more stable operators for the shipyards in order to save the industry in the country. The Rauma shipyard was closed in 2013 and the ground was sold to town of Rauma; the yard is now operated byRauma Marine Constructions. The sole owner of Helsinki shipyard becameRussianUSC, which earlier owned half of it. In 2014 the new operator for Turku yard becameMeyer Werft under name Meyer Turku.^[16] At the beginning the state was the joint owner until Meyer Werft bought the rest of the shares.^[17]

Ship name	Client	Year	Type	Gross tonnage	Yard number	IMO number	Status	Notes	Image	Ref
Mein Schiff 4	TUI Cruises	2015	Cruise ship	99,526 GT	1384	9678408	In service			[18]
Mein Schiff 5	TUI Cruises	2016	Cruise ship	98,785 GT	1389	9753193	In service			[19][20]
Megastar	Tallink	2017	Cruiseferry	49,134 GT	1391	9773064	In service			[21]
Mein Schiff 6	TUI Cruises	2017	Cruise ship	98,811 GT	1390	9753208	In service			[19]
Mein Schiff 1	TUI Cruises	2018	Cruise ship	111,500 GT	1392	9783564	In service			[22][23]
Mein Schiff 2	TUI Cruises	2019	Cruise ship	111,500 GT	1393	9783576	In service			[22][23]
Costa Smeralda	Costa Crociere	2019	Cruise ship	185,010 GT	1394	9781889	In service	Excellence-class		[24]
Mardi Gras	Carnival Cruise Lines	2020	Cruise ship	181,808 GT	1396	9837444	In service	Excellence-class		[25][26][27]
Costa Toscana	Costa Crociere	2021	Cruise ship	183,900 GT	1395	9781891	In service	Excellence-class		[24][28]
Carnival Celebration	Carnival Cruise Lines	2022	Cruise ship	183,900 GT	1397	9837456	In service	Excellence-class		[26]
Icon of the Seas	Royal Caribbean International	2023	Cruise ship	248,663 GT	1400	9829930	In service	Icon-class		[29]
Mein Schiff 7	TUI Cruises	2024	Cruise ship	111,500 GT	1404	9851189	In service			[30]
Star of the Seas	Royal Caribbean International	2025	Cruise ship	250,800 GT	1401	9829942	In service	Icon-class		[31]
Karhu[32]	Finnish Border Guard	2026 (planned)[33]	Offshore patrol vessel		1406	4772041	Under construction[34]	Letter of intent for two vessels signed on 16 August 2021.[35]		[35]
Legend of the Seas	Royal Caribbean International	2026 (planned)	Cruise ship	250,800 GT	1402	9888560	Under construction	Icon-class		[36]
	Finnish Border Guard	2026 (planned)[33]	Offshore patrol vessel		1407	4772053	Under construction[37]			[35]
	Royal Caribbean International	2027 (planned)	Cruise ship	250,800 GT			Ordered	Icon-class		[38]
	Royal Caribbean International	2028 (planned)	Cruise ship	250,800 GT			Ordered	Icon-class		[39]

• von Knorring, Nils (1995).Aurajoen veistämöt ja telakat [Boat- and Shipyards along River Aura] (in Finnish). Espoo, Finland: Schildts Förlags Ab.ISBN 951-50-0735-6.

• Shipbuilding companies of Finland
• Ships built in Turku
• Shipyards of Finland
• Manufacturing companies established in 1989
• Finnish companies established in 1989
• Organisations based in Southwest Finland

• CS1 Finnish-language sources (fi)
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