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03 June 2020 The on-line newspaper devoted to the world of transports 11:59 GMT+2



April 28, 2020

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Original news
The German shipyard FSG has filed for a Failure

The shipbuilding company would be ready to continue activity if it receives state support

The German shipyard Flensburger Schiffbau-Gesellschaft (FSG) filed for bankruptcy. La Norddeutsche Rundfunk (NDR), the state broadcaster of Hamburg and the United States of Mecklenburg-Front Pomerania, Lower Saxony and Schleswig-Holstein, announced that the naval engineering company has assured that it could still continue the activity if will get loans from banks with state guarantees that will allow the plant to secure orders for the construction of four ro-ro ships. However -- he specified the broadcaster - the Minister for Economic Activities, transport of labour, technology and tourism Schleswig-Holstein, Bernd Buchholz, has stated that the state does not guarantees to a company such as FSG is in serious trouble and that can only do so to companies that have good prospects of recovery.

After having to agree with TT-Line for the cancellation orders for two new ferries that the shipping company Commissioned FSG on 19 March German shipyard had to suspend operations as a result of the spread of coronavirus infection in Europe, a closure that did not prevent the navalmechanical company from delivering the March 26 liekut,the last of the eight ro-ro ships ordered Norway's SIEM, a group that last year sold its ownership of the same FSG site to the Tennor Holding investments.



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