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VIKING LINES CRUISE FERRY

October 25, 2010

Viking Line throws STX Finland a lifeline

STX Finland Oy and Viking Line ABP have signed a preliminary agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line to operate on between Turku, Finland, and Stockholm, Sweden. The agreement includes an option for a sister ship.

The ship will be built at the Turku shipyard for delivery in early 2013 and the price will be about 240 million euros.

The preliminary agreement represents promises 2,600 man-years employment and is described by STX Finland President Juha Heikinheimo as "extremely important both to the Turku shipyard of STX Finland and to the entire Finnish shipbuilding cluster, as we sail away from the lull caused by the global financial crisis."

An actively operating shipyard is much more competitive than an empty one when competing on new cruise ship projects, he adds.

The cruise ferry is about 210 m in length with a gross tonnage of 57,000. Maximum speed will be close to 23 knots.

The ship will carry 2,800 passengers and will be operated by a 200-member crew. It will have 870 passenger cabins.

There will be almost 1,300 lane-meters of truck capacity and a separate car deck with approximately 500 lane-meters for passenger cars. Additional room for passenger cars will be provided by hoistable car decks.

STX Europe says the new cruise ferry will be the most environmentally friendly large passenger vessel to date. The goal is to use LNG as the ship's fuel. The ship will have no marine emissions and its atmospheric emissions will be extremely low.

The ship has been specially designed to operate in the delicate and shallow-water Finnish archipelago environment. The wave formation and noise generation will be minimized.

The President of STX Finland Oy, Juha Heikinheimo says, "IĞm extremely delighted with this project and the continuation of cooperation with Viking Line. When the ship is completed, it will be highly innovative and the most environmentally friendly cruise ferry in the world. Special attention has been given to ensuring that the ship creates pleasant passenger experiences."

The design of the new ship will start immediately at Turku shipyard, and actual building of the ship will starts during fall 2011.

Throughout the design and building of this cruise ferry the shipyard will continue to improve efficiency in production in order to increase productivity by industrializing operations even further.


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