Shipyards in distress
For a few years, it seemed as if the Hong Kong-based Genting Group would be a saviour in times of need for some German shipyards. But after the company's bankruptcy, the tenderloin was divided up. The Genting bankruptcy, which began in 2020 and led to the insolvency of the MV Werften Group with sites in Wismar, Warnemünde and Stralsund as well as the Lloyd Werft shipyard in Bremerhaven in March 2022, was the biggest dilemma for the industry in the post-war period after the disaster at Bremer Vulkan in 1995/96. First of all, it should be noted that after a long period of uncertainty, the situation has regained some shape, mainly thanks to the insolvency administrator...
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