Meyer Turku, the Finnish cruise ship builder, will invest €30 million in a 1,200 ton capacity gantry crane, the company said in a statement.

The company is in the process of the design of the crane and inviting bids from various suppliers. The new crane is expected to come online in 2018.

The yard currently has a 600 ton capacity gantry crane, which will remain in place in the future. Tapani Pulli, Deputy Managing Director, said the investment will treble the daily lifting capacity at the yard and enable it to use ever larger sections, which would also be fitted out to a higher degree than what is the case today.

In 2015, Meyer Turku reported a profit for the first time in seven years and the management plans to almost double its production capacity by 2020, said Jan Meyer, Managing Director of the yard.