The new deal is the largest one of its kind in VEO’s history

VEO press release 8 August 2016

The new deal is the largest one of its kind in VEO’s history

Finnish VEO has secured a large order from the German shipyard company MEYER WERFT. The first stage of the order involves the electrification of four cruise liners, plus an option of further vessels. Half of the ships will be built at MEYER WERFT’s shipyard in Papenburg, Germany, and the other half at the company’s shipyard in Turku, Finland. The delivery of the electrification equipment for the first ship will start in 2017.

“We are very pleased with this framework agreement, and by the fact that MEYER WERFT trusts our expertise. This deal takes our marine business to a whole new level,” says CEO Marko Ekman from VEO.
VEO has previously delivered electrification systems for several ships built at MEYER WERFT’s Turku shipyard. The new order means that the collaboration will continue in the years to come.
“VEO is a partner with experience and expertise. We are happy to involve them in our shipbuilding projects,” says Stephan Schmees, Director of Project Management at MEYER WERFT.

VEO’s electrification system turns the power produced by a ship’s generators into electricity suitable for the vessel’s network. Electricity is needed to run various processes on board a ship, such as lighting and air conditioning, as well as the galley and all entertainment areas.

One cruise liner will include approximately 250 metres of electrical distribution equipment as well as a number of free standing cabinets delivered by VEO. In addition to the equipment, VEO provides electrical engineering and documentation for each ship. VEO’s delivery also includes VACON® frequency converters manufactured at Danfoss Drives’ Vaasa factory in Finland.
All the distribution equipment, as well as the switchgear it contains, will also be produced and assembled in Vaasa at the VEO factory.
“VEO offers a unique combination of project expertise and Finnish switchgear manufacture. This guarantees our customers fast, high-quality deliveries,” Ekman explains.

More information:
Marko Ekman, CEO, VEO, +358 207 1901