Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionArctech Helsinki Shipyard was a Finnish shipbuilding company that focused primarily on icebreakers and other icegoing vessels for arctic conditions. Due to the economic sanctions against its Russian owner, the company was forced to transfer its shipbuilding business in Finland to a successor company, Helsinki Shipyard, which was then sold to a private Russian owner.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionRegulators continue to remove economically significant organizations from foreign jurisdictions. Thus, the Ministry of Industry and Trade filed a lawsuit against the Finnish Arctech Helsinki Shipyard Oy, which owns 49% of the Nevsky Shipyard (SSZ), which may be related to the suspension of the foreign company's rights. As a result, the direct owner will probably be the United Shipbuilding Corporation, which manages the asset. Considering the Nevsky Shipyard's order portfolio with a high share of government orders, optimization of the ownership structure is logical, experts say.