Lürssen buys Peene Shipyard

This decision is subject to approval by the creditors holding liens on the property but the purchase agreement has already been concluded, it says.

On 1 May 2013, the Lürssen Group will acquire the compact shipyard with its repair and new construction area at a purchase price of less than €20m.

Berthold Brinkmann, commented: “Lürssen offered the best purchase price. Aspects particularly appreciated were the skill of the workforce and the know-how accumulated by the company, a special shipyard for naval and government agency vessels.”

The Lürssen Group has pledged to make offers for permanent employment to 285 people, as well as offers for 75 additional positions for employment limited to 24 months. In addition, all 65 trainees of the Peene shipyard will be taken on and their training will be continued.

Meanwhile, several interested parties from Germany and abroad are in talks with the administrator, concerning the Volkswerft Stralsund shipyard, the big sister in the P+S Group.

Negotiations between the administrator and the DFDS shipping company are in the final stages regarding the anticipated order for two 195.2m ro-ro special vessels, but these are likely to be built at Volkswerft.

In the meantime, an operating company Stralsunder Schiffbaugesellschaft mbH has been set up with the administrators. The company will operate on behalf of the administrator within a contract for services framework and the employees from the transfer company will be hired for a limited time. As soon as the contract with DFDS is completed and production at the Volkswerft Stalsund shipyard is up and running again, the operating company will become active on behalf of the administrator with approximately 300 shipbuilders.