Sale at Pella Sietas
Around a year after filing for insolvency, the oldest German shipbuilding company still in operation, the Pella Sietas shipyard in Hamburg-Neuenfelde, is now nearing the end of its sell-off. The largest movable part of the insolvency estate, the 200 metre long floating dock, was recently secured by Flensburger Schiffbau-Gesellschaft. Tugboats have now transported the steel colossus through the Kiel Canal to Flensburg. It's something of a funny story that Pella Sietas tried to buy the then ailing shipyard in Flensburg just over two years ago. In September 2021, the shipyard, which was founded in 1635 and had been family-owned for over 300 years, went under Russian management in March 2014.
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