ROUNDUP / MV-Werften: Uncertainty after the jump from a potential “Global One” | News

WISMAR (dpa-AFX) – Following the cancellation of the Swedish shipping company Stena AB, the bankruptcy proceedings of MV Werften Group have to be rethought. Specifically, it was about the further construction of the cruise ship “Global One” belonging to the group’s bankruptcy estate – with a capacity of almost 10,000 tons. passengers should be the largest cruise ship in the world – the company is no longer interested in this. The only customer that was available for the ship, which was canceled over the weekend, insolvency administrator Christoph Morgen said at a press conference at Wismar on Monday. Before that, there was a staff meeting.

As Economy Minister Reinhard Meyer (SPD) added, the planned extension of the transfer company by 1,500 former shipyard workers is uncertain and will expire at the end of June. Originally, the state government wanted to decide to extend it until the end of the month. The IG Metall trade union was disappointed: “The federal government, the state and investors must not leave the workers of the MV shipyards in Rostock, Stralsund and Wismar hanging out,” demanded Daniel Friedrich, IG Metall coastal district manager.

Insolvency administrator Morgen did not abandon all hopes on Monday for the completion of a cruise ship in Wismar – and the associated medium-term job security. But he made it clear that he thought it realistic to look for buyers who would like to finish the ship elsewhere.

Stena’s board of directors reportedly cited both competition from the former owner of MV shipyards – Malaysian billionaire Lim Kok Thay – and China’s strict zero-Covid policy when making decisions. As Morgen explained, Thay, whose cruise company Genting Hong Kong had to benefit from credit protection due to the market collapse during the pandemic, is planning a new trial called Resorts World Cruises. According to Morgen, this influenced Stena’s plans, and on the other hand, it is not known when, due to the current pandemic policy in China, the cruise will start again.

According to the trustee, talks regarding the sale of the Wismar shipyard to submarine builder thyssenkrupp Marine Systems (TKMS) are well advanced. The construction of the first ships is scheduled to start in 2024. Depending on the status of orders, this could provide jobs for 900 to 1,500 people: in addition to the construction of submarines, this could also apply to frigates. During the event, there was also the possibility that TKMS would use specialists from the shipyard to remove explosives in the North Sea and the Baltic Sea.

Economy Minister Meyer made it clear that he expected greater support from the federal government, which through the Bundeswehr’s naval arsenal expressed interest in a location in Rostock. The federal government also needs specialists: “My assumption is that then we will also talk together about what it means for the expansion of the transfer company.” He also demanded that Germany not leave the construction of converter platforms for offshore wind energy to foreign countries. Here, Meyer also agreed with MV’s chairman of the works council of MV, Ines Scheel: “It is absolutely incomprehensible that no offshore platform is being built at a shipyard in Germany.”

The MV group of shipyards filed for bankruptcy in January. The reason was the collapse of the global cruise business associated with the crown. As a result, Chinese parent company Genting Hong Kong became insolvent and could no longer agree with the state and federal governments on further loans. Genting also followed the path of creditor protection. MV Werften’s insolvency proceedings were formally opened in early March.

For the time being, the bankruptcy trustee may point to some successes: the city has taken over the Stralsund shipyard, which wants to create a maritime industrial park there: the first tenants are the shipyard Fosen Yards and the metal processor Ostseestaal. In Wismar, the medical technology manufacturer Eppendorf also took over MV Werften Fertigmodule GmbH, where cabins for cruise ships were built./ssc/DP/stw

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