German Shipbuilding: Ships being built again at the Two Shipyards
On January 17, 2013, insolvency administrator Berthold Brinkmann gave a report about current developments at the P+S WERFTEN in Stralsund and Wolgast to the meeting of creditors and the creditor committee. Whereas work at the Peene shipyard in Wolgast was able to continue uninterrupted during the previous proceedings, production at the Volkswerft in Stralsund can only be resumed next Monday, 21 January 2013, following a nearly 11-week break. The agreement concerning two RoRo special vessels for Danish shipping company DFDS has now been signed, but it still subject to approval. “Because we believe approval will be granted, I've called on the operating company, Stralsunder Schiffbaugesellschaft, to take the appropriate steps to initiate production at the Volkswerft Stralsund.
P+S Werften Expects Green Light on DFDS Newbuilds
The insolvency administrator expects Volkwerft Stralsund Yard to resume work soon on the two DFDS RoRo newbuildings. The DFDS order had been previously cancelled when P+S Werften went into administration. Dr. "The signed order for two RoRo special vessels for the Danish shipping company DFDS is now in our hands and is subject to various conditions. As we believe that these conditions will be fulfilled, the insolvency administrator of P+S Werften has instructed the operating company…
Lürssen Group Buys the Peene shipyard
In a meeting of the creditor committee, and acting on the suggestion of the insolvency administrator, Berthold Brinkmann, P+S WERFTEN decided in favor of the Lürssen Group (Bremen) as the buyer of the Peene shipyard in Wolgast. This decision is subject to approval by the creditors holding liens on the property. The purchase agreement has already been concluded. As of May 1, 2013, the Lürssen Group will acquire the compact shipyard with its repair and new construction area. The purchase is also subject to approval by the Federal Cartel Office. The purchase price is less than 20 million euros. Berthold Brinkmann: “Lürssen offered the best purchase price.
