"Handing Over the Keys" of the Wismar Shipyard

August 1, 2023

Handing over the keys in the shipbuilding hall: Thomas Beyer, Mayor of the Hanseatic City of Wismar, Reinhard Meyer, Minister of Economics of Mecklenburg-Western Pomerania, Bernard Meyer, Managing Owner Meyer Werft, Dr Christoph Morgen, Insolvency Administrator MV Werften, Ines Scheel, former Chair of the Works Council MV Werften, and Stefan Soost, IG Metall Union District Coast (front row from left to right). (Photo: Andreas Laible)

The insolvency administrator of the MV Werften Group, Dr Christoph Morgen, today handed over the symbolic key of the Wismar shipyard to Bernard Meyer of Meyer Wismar. The shipyard, which has been owned by TKMS since June 2022, has been leased back by the insolvency administrator and subleased to Meyer Wismar for the completion of the cruise vessel located in the dock hall. Present at the handover were approximately 400 employees, who are as of today employed by Meyer Wismar.

“Over the course of the past year, we set up good solutions for the three shipyard locations in Mecklenburg-Western Pomerania, Neptun Ship Design in Rostock, the prefabricated module plant in Wismar, the hotel in Wismar, as well as for Lloyd Werft in Bremerhaven,” Dr Christoph Morgen, explained. “With the handover of the shipyard to Meyer Wismar we’re now marking the beginning of the next shipyard chapter."

Together with the shipbuilders, Reinhard Meyer, Minister of Economics of the federal state of Mecklenburg-Western Pomerania, also attended. He said, “The symbolic handover of the keys is the result of the successful and joint work of all stakeholders for the employees and the shipyard. At the same time, this handover of keys confirms the actions of the state government. We firmly believe in the future of the maritime industry in Mecklenburg-Western Pomerania in the interest of the employees and the industry of our state.”

Insolvency administrator Dr Christoph Morgen also announced that the mass loans granted by the state government of Mecklenburg-Western Pomerania for the shipyards in Wismar and Rostock-Warnemuende amounting to around 13 million euros plus interest, will be repaid in full in August 2023.