• 2021 April 17 12:33

    Contract for two new car and passenger ferries for TT-Line strengthens RMC's order book significantly

    Rauma Marine Constructions and Tasmanian shipping company TT-Line Company have finalised an agreement for the construction of two car and passenger ferries at Rauma shipyard. The employment impact of the project is approximately 3,500 person-years and will increase the number of ships to be built by RMC to eight. The construction of TT-Line’s vessels will begin in spring 2022.

    TT-Line had to withdraw from a previous Memorandum of Understanding last summer due to the coronavirus pandemic. Negotiations resumed in March this year, initiated by the Tasmanian government.

    Jyrki Heinimaa, CEO of Rauma Marine Constructions, is happy with how the two parties reached the agreement despite a very challenging situation worldwide.

    “We are very grateful for the trust shown to us by TT-Line Company and their representatives. This agreement means that our customer believes that we can offer a world-class solution that is perfect for their business, even in challenging operating conditions,” he says.

    “We eagerly await these three years of fruitful collaboration with RMC. The vessels will also make extensive use of the expertise of Tasmanian companies,” says Bernard Dwyer, CEO of TT-Line Company.

    Construction of the new car and passenger ferries will begin in spring 2022. The first vessel will be delivered to TT-Line in late 2023 and the second one in late 2024. Once completed, the vessels will operate in challenging conditions on the Geelong–Devonport route running between mainland Australia and the island State of Tasmania. The ferries will accommodate 1,800 passengers and will have an approximate gross tonnage of 48,000. The vessels will replace the Spirit of Tasmania I and II, both built in Finland in 1998.

    “An excellent continuation of RMC’s growth story and last year’s good result”

    The agreement with TT-Line is a positive signal for RMC’s financial outlook for 2021, as it increases the company’s order book to approximately EUR 1.6 billion and increases the number of ship projects at the shipyard to four.

    RMC also achieved an excellent financial result last year despite the global coronavirus pandemic. In 2020, the company’s net sales more than quintupled from EUR 38.1 million in the previous year to EUR 220.1 million. Operating profit, on the other hand, increased from EUR 1.9 million in the previous year to EUR 6.7 million.

    “The agreement with TT-Line Company is an excellent continuation of RMC’s growth story and last year’s good result. We will continue on our set growth path to build car and passenger ferries in Rauma, which also means stable growth in the shipbuilding industry in Finland. Last year, we strengthened our personnel by almost 50 per cent, meaning our organisation is more than ready for a new 3,500-person-year project,” says Heinimaa.

    In addition to TT-Line’s vessels, RMC is currently working on car and passenger ferries for Finnish shipping company Wasaline and Estonian shipping company Tallink, as well as four multi-purpose corvettes for the Finnish Defence Forces. After the challenges due to the coronavirus pandemic at the beginning of the year, production work has resumed to normal capacity. The company shut down production for a while in February after a cluster of coronavirus infections was revealed among workers at the shipyard. Following the detection of coronavirus cases, RMC immediately implemented a more strict safety plan, the functioning of which is being closely monitored. The coronavirus situation has been brought under control thanks to those safety measures.

    Rauma Marine Constructions founded in 2014 is a Finnland's shipbuilding company specialises in the construction and maintenance of multi-purpose icebreakers, car and passenger ferries, and vessels for use by the armed forces. RMC represents world-leading expertise in Arctic shipbuilding. It is based in the shipyard area acquired by the city of Rauma from STX Finland as an industrial investment of EUR 18.2 million in early 2014. The company has a lease agreement of 30 years with the city for the necessary facilities at Seaside Industry Park Rauma.

    Image source: Rauma Marine Constructions

2021 September 16

18:35 Boskalis completes EUR 100 million share buyback program
17:30 Construction of port Lavna kicked off in Murmansk Region
17:21 APM Terminals opens first “Fast Corridor” between Vado Ligure reefer terminal and inland customers in Italy
17:05 Wärtsilä cloud simulation now available on-demand via OTG’s Ocean Learning Platform
16:41 Evergreen’s Ever Ace with WinGD’s large bore X92 bore size engines crossed the Suez Canal
16:14 The new Port of Calais officially inaugurated after six years of construction
15:45 Southampton’s newest cruise terminal officially opened
15:35 Organizers of International Conference “Development of Icebreaking and Support Fleet“ offer the event programme
15:14 Dublin Port publishes Port Infrastructure Charges Pricing Strategy 2022 to 2026
14:53 Port of Oakland beef export volume up 25 percent in Jan - July 2021
14:37 UK ports welcome public support for clean maritime projects
14:26 IVECO and Nikola sign MoU with Hamburg Port Authority for zero-emission Class 8 battery-electric trucks
13:40 SMM Maritime Industry Report (MIR) shows industry on track for sustainability
13:16 MABUX: Bunker Weekly Outlook, Week 37, 2021
13:02 Port of Los Angeles cargo volume exceeds 954,000 TEU in August 2021
12:11 Sharrow Marine announces plans to roll out an exclusive OEM Sharrow Propeller™ Boatbuilder Program
11:47 TransContainer arranged transit transportation from Korea to Turkey via Far East and Novorossiysk ports
11:24 DOF Group announces new contracts in Brazil
11:02 Cargo-passenger ferry Pavel Leonov arrived at Korsakov, the ship’s homeport
10:38 Capacity of Vostochny Port’s multipurpose complex to be raised to 117,000 TEUs per year
10:21 Norwegian Ministry of Petroleum and Energy sees great interest in the Norwegian continental shelf
10:13 DFDS acquires ICT Logistics
09:49 Crude oil prices continue rising driven by data on reduction of reserves
09:30 Maersk acquires a Portuguese cloud-based logistics start-up HUUB
09:16 Baltic Dry Index as of September 15
09:15 MABUX: Global bunker prices may rise sharply on Sep 16
08:28 Castor Maritime announces new charter agreements

2021 September 15

18:43 Royal Phuket Marina’s inner-channel dredging project to deliver round-the-clock access for boats up to 35 metres
18:37 NJEDA and PSEG sign 78-year lease for the New Jersey Wind Port
18:17 PGS sets multiple acquisition records
17:55 Nefteflot lays down two ships of Project RDB 66.62
17:31 Subsea 7 awarded FEED contract in Norway
17:30 Gazpromneft Snabzheniye and Yamal-Nenets Autonomous Region to develop industrial and logistics park Obsky Prichal in Labytnangi
17:09 bp and NYK Line join forces to help decarbonise hard-to-abate sectors
16:57 SFL sells seven handysize bulk carriers
16:51 Yantar shipyard launches production of thermal and sound insulation
16:06 Sea Machines Robotics to embark on 1,000 nautical mile autonomous and remotely commanded journey around Denmark
14:34 Embracing digitalization will bring new opportunities and new discipline to cargo underwriting, says IUMI
14:02 Container ship FESCO Yanina joins the FESCO fleet
13:03 ICS issues new anti-COVID guidance
12:55 Evergreen Marine renews its 22-year LTSSP contract with KDI for another decade
12:49 SCF and Gazprom Neft join forces to facilitate decarbonisation and digitalisation in energy shipping
12:11 Options taken on additional Knutsen OAS LNG carriers results in three more Compact Reliq orders for Wärtsilä
11:37 PJSC TransContainer launches regular service from China to Rostov-on-Don via Nakhodka
11:15 Aker Solutions wins subsea FEED contract for NOA Fulla
10:58 Throughput of Kaliningrad port in 8M’2021 fell by 2% Y-o-Y
10:35 Throughput of port Vyborg in 8M’2021 rose by 46% Y-o-Y
10:13 Throughput of port Primorsk in 8M’2021 fell by 1% Y-o-Y
09:50 Throughput of port Vysotsk in 8M’2021 fell by 5% Y-o-Y
09:31 MABUX: Global bunker prices do not change and stay steady on Sep 15
09:29 Crude oil prices rise on reduction of reserves
09:14 Baltic Dry Index as of September 14
08:22 ABS launches industry-first simulation decarbonization service

2021 September 14

18:31 Loss prevention provides a ‘virtuous circle’ of returns, says IUMI
18:06 ABP and DB Cargo UK win the Rail Freight Group’s award for Customer Care
17:45 Port of Ust-Luga throughput in 8M’2021 rose by 3% Y-o-Y
17:26 AD Ports Group leased out over 2.2 million square metres of industrial land in H1 2021
17:06 DEME, Qair, and Aspiravi to bid into Scottish offshore wind leasing round
16:42 Average spot market price for Russian M100 product rose to RUB 24,458 pmt as of September 10
16:21 British Ports Association responds to Government Brexit borders announcement