Terraline Gmbh News

It is a first in the German shipbuilding industry; the Aeolus, the first jack-up vessel for offshore wind farms designed and built in Germany, which was constructed at Sietas Shipyard for the prestigious Dutch marine engineering company Van Oord, has left the shipyard. Having passed through the Este barrage of Hamburg port, the jack-up vessel now travels along the river Elbe to Bremerhaven. Berthold Brinkmann, administrator at Sietas Shipyard said, "I am proud of what the employees at Sietas shipyard have accomplished with this ship.

After an intensive search of over two years, the insolvency administrator, Berthold Brinkmann, has found a strategic investor for the renowned Sietas Shipyard in Hamburg: Pella Shipyard from Otradnoye near St. Petersburg, Russia is taking over the company as of March 10, 2014. The purchase agreement with the Hamburg-based company Terraline GmbH, a member of Pella Shipyard Group, has already been concluded and officially certified by a solicitor, but is still awaiting approval by the creditors’ committee and banks. Following the takeover, Terraline will be renamed Pella Sietas GmbH.