Cruise businesses provide the impetus for NIT’s expansion

NIT, a Finnish company specializing in turnkey deliveries of public spaces on cruise and passenger vessels, is growing on the tailwinds of the international cruise business. Jari Suominen, the Managing Director, forecasts an increase in net sales from EUR 17 million in 2018 to EUR 30 million in this financial period.

One of NIT’s strengths is its ability to handle turnkey deliveries of public spaces on vessels of all sizes from start to finish, including electrical, plumbing and air conditioning work.

One of the company’s strengths is its ability to handle turnkey deliveries of public spaces on vessels of all sizes from start to finish, including electrical, plumbing and air conditioning work. Naturally, NIT also makes use of its network of subcontractors depending on the situation and site.

NIT, located in Piikkiö near Turku, lives in strong symbiosis with the Meyer Turku shipyard for understandable reasons. However, the turnkey supplier has other customers all over the world.

Meyer’s order book is very strong, and our order book is also full for the next three or four years as the cruise business is booming. Of course, this requires us to remain competitive and do our work well,” Jari Suominen says.

“Meyer Turku’s new Carnival series is a major step forward for NIT. It means that larger ships will be built at a faster pace. Previously, ships were being completed at an average rate of one per year in Turku, but the new Carnival series and the expansions and the efficiency improvements of the shipyard will increase this rate to around 1.5 per year. More for everyone to build,” Suominen explains.

The booming cruise ship business seems to continue its growth. As companies begin to catch up with their order backlogs, shipyards and ship owners are gradually approaching each others to negotiate new projects. Understandably, shipyards would like to fill their future order books for an even longer period of time.

“NIT works in the same way – we would also like our voice to be heard on future projects,” Suominen says.

Cruise ship boom going on in Norway

As a subcontracting company, NIT (which stands for Naval Interior Team) has offices in Turku and Piikkiö in Finland, as well as locations in Germany, Norway and Japan. The last of these, in Nagasaki, has been shuttered until the Japanese shipbuilding industry shows signs of recovery.

“Japan would like to build cruise ships, but they are still waiting for better times. China also shares this goal, and it needs know-how from European shipyards to achieve this. China is still something of a mystery for all of us,” Suominen says. He mentions that NIT has so far held back from entering China.

Norway, on the other hand, represents a very attractive opportunity for Finnish companies as it becomes a rising star in building cruise ships.

“Norway is undergoing a cruise ship boom. Right now, ship owners over there are ordering ice-reinforced excursion vessels with a very high quality of fittings. This is a good thing for us because NIT is able to build the public spaces for slightly smaller polar or adventure cruise ships from start to finish itself,” Jari Suominen says.

NIT employs just under 100 shipbuilding professionals. The turnkey supplier’s net sales will grow from approximately EUR 17 million in 2018 to a projected EUR 30 million in the current financial period.

“Good morning Sir, I am your agent!”

We are always happy to receive such an enthusiastic salutation, whether we are aboard a giant cruise ship with thousands of customers in the heart of a capital city or a riverboat mooring up at an inland industrial pier after a long journey through the canals.

Read article

Turku is Finland’s hub for Scandinavian transport

The Port of Turku is the center of Scandinavian transport from Finland and one of the country’s most important logistics hubs.

Read article

Finnpulp selects HaminaKotka as its export harbour

The Port of HaminaKotka Ltd has signed a major letter of intent with Finnpulp for the routing of its chemical pulp products. Finnpulp is constructing a bioproduct factory in Kuopio.

Read article

Tahkoluoto is home to Finland’s deepest harbour

Port of Pori Ltd provides land rental, ship, crane and conveyor services. The Port of Pori consists of three harbors: Mäntyluoto, the Tahkoluoto oil and chemical harbour, and the Tahkoluoto deep harbour.

Read article

Port of Pietarsaari, Port infrastructure – our strength

Trade and shipping were the original reasons for the founding of the town of Pietarsaari. The first Finnish ship to sail around the world from 1844–1847 was the bark ship Herkules out of Pietarsaari.

Read article

Port of Oulu Ltd – ready for growth

For the Port of Oulu, the last few years have been the busiest in its history in terms of development.

Read article

On the journey to becoming the world’s most functional port

The Port of Helsinki is Finland’s leading general port for international transport, and it works for well-being and business activity in Greater Helsinki and Finland as a whole. Helsinki is also one of Europe’s busiest passenger harbors for international travel. The Port of Helsinki’s vision is to become the world’s most functional port.

Read article