JOINED PRESS RELEASE HELSINKI SHIPYARD / SWAN HELLENIC

Helsinki, 12th of December 2022

Helsinki Shipyard Oy announces the successful acquisition of the SH Diana by Swan Hellenic

SH Diana in the dry dock at Helsinki Shipyard Oy

Helsinki Shipyard Oy, having received bids for the auction of NB518 today announced that Swan Hellenic has been awarded the tender.

Helsinki Shipyard has exercised the right to sell the ship by tender, provided for by the shipbuilding contract, after the original buyer failed to take delivery of the ship. The auction ended at midnight on Friday the 9th of December and was satisfactory for Helsinki Shipyard, which analyzed the bids and declared Swan Hellenic the winner.

The Shipyard and Swan Hellenic will now enter into a new agreement for the completion of the vessel, which is scheduled to be delivered to Swan Hellenic in March 2023, in time to start cultural expedition cruises of the Mediterranean from the beginning of April as planned.

Andrea Zito, CEO of Swan Hellenic Limited, said: “We are happy to have secured SH Diana, a Polar Class PC6 vessel with state-of-the-art ship technology and sustainability that will enter service as planned in March. We look forward to welcoming our guests aboard SH Diana to experience our cultural expedition cruises in the historic regions for which they were first conceived.

Kim Salmi, Helsinki Shipyard’s CEO says: “The shipyard is satisfied with multiple inquiries and received bids. We are also happy to announce Swan Hellenic as winner of the tender, as it naturally helps next step, the fast agreement and continuation of works for completion of the vessel according to the plan in March”.

About Helsinki Shipyard Oy:

Helsinki Shipyard Oy is located in the capital of Finland and specializes in shipbuilding technology and building of special vessels for demanding conditions and routes. The shipyard has a long tradition and unmatched expertise in designing and building of icebreakers and other high ice-class vessels for operations in cold environment. In addition to the arctic know-how, our specialization covers also passenger ferries and cruise ships.

The shipyard is renowned as a pioneer in Finnish shipbuilding, a substantial employer and part of the history and landscape of the City of Helsinki.

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