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European cruise industry in decline?

September 19, 2013 Cruise No Comments Email Email

egtmedia59Ship builder STX Finland, has announced that it will shut down its Rauma yard, where some of the world’s largest cruise liners were built, as the weak global economy continues to hit the European industry.

According to AP, STX says low profits and a lack of orders have brought about the closure, with the company saying it will close yard during 2014 with the loss of some 700 jobs.

Some operations will be moved to STX’ nearby Turku shipyard, with STX Finland deputy chief Jari Anttila saying this week that the closure is necessary to make the company profitable.

STX Finland is part of the STX Europe Group. 

John Alwyn-Jones, Cruise Editor and Correspondent

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