Rauma Marine Constructions was established by private investors with background in the Finnish shipbuilding industry shortly after STX Finland closed the Rauma shipyard in 2014. In December 2015, the company received a major equity investment when the state-owned investment company Finnish Industry Investment became a minor shareholder together with Finnish investment funds managed by Finda and Taaleritehdas. An existing minor shareholder Kasvattajarahasto, an investment fund managed by Aboa Venture Management, also increased its share on the company.
Orders
Ferries
In June 2016, Rauma Marine Constructions and the Danish shipping companyMolslinjen signed a 68 million euro contract for the construction of roll-on/roll-offferry for the Bornholm route. This was the first newbuilding contract awarded to Rauma after STX Finland announced the closure of the shipyard in 2013 and delivered the Finnish offshore patrol vesselTurva in 2014. The keel of the new vessel was laid on 4 August 2017 and launched on 5 January 2018. The ship, named Hammershus, was delivered in August 2018. In October 2018, Rauma Marine Constructions and the Estonian ferry operator Tallink signed a letter of intent for the construction of an LNG-powered ferry with a capacity of 2,800 passengers for the Helsinki-Tallinn route. The 250 million euro shipbuilding contract was confirmed in March 2019. The vessel, named MySTAR, will be delivered in early 2022. The steel cutting ceremony was held on 6 April 2020. In early January 2019, another letter of intent was signed for a 120 million euro LNG-powered ferry for the Vaasa-Umeå route. The shipbuilding contract was signed on 21 January 2019. The ice class 1A Super ferry will be delivered by May 2021. The vessel, named Aurora Botnia, was laid down on 13 February 2020. In February 2020, a Memorandum of Understanding was signed between Rauma Marine Constructions and TT-Line for the construction of two new ferries for Tasmania. The construction of the 1,800-passenger ferries was expected to begin in early 2021. In July 2020, TT-Line advised this deal would no longer proceed due to the current and emerging economic problems caused by the COVID-19 pandemic.
Naval vessels
In September 2016, the Finnish Defense Forces Logistics Command signed a letter of intent with Rauma Marine Constructions in order to investigate the company's capability for building four multi-role corvettes for the Finnish Navy's Squadron 2020 fleet renewal program. In April 2017, this was followed by a 7.5 million euro design contract for the new Finnish surface combatant class that will replace three minelayers and four missile boats. A letter of intent for the construction contract was signed in the beginning of November 2018 and the final 647.6 million euro shipbuilding contract on 26 September 2019. The construction of the four-strong Pohjamaa class will be staggered over 2022–2025 and full operational status is achieved in 2028.
Other
Prior to major newbuilding orders, Rauma Marine Constructions completed a number of smaller construction and conversion projects to establish a subcontractor network and build the shipyard's capability for larger projects. These have included the construction of a floating entertainment center to the United Arab Emirates, conversion of the Finnish icebreakerOtso, and a facelift for the cruiseferriesSilja Serenade and Silja Symphony. In May 2017, the shipyard was awarded the 13.7 million euro refitting of the Finnish research vessel Aranda.
