The financing of the FSG-Nobiskrug Shipyard sites in Rendsburg and Flensburg are secured until January, 31 2025, via the insolvency substitute benefits and a loan secured by the guarantee bank of the state
The financing of the FSG-Nobiskrug Shipyard sites in Rendsburg and Flensburg are secured until January, 31 2025, via the insolvency substitute benefits and a loan secured by the guarantee bank of the state of Schleswig-Holstein. However, the future is dependent on the successful search for investors to revitalize the sites by completing existing and new orders.
Despite the difficult situation, several interested investors have already visited the shipyard sites in Rendsburg and Flensburg within the first 10 days after the insolvency proceedings were opened on December 12, 2024. This shows the high strategic importance of shipyards for defence and the energy transition.
The provisional insolvency administrators of the shipyard group reported on this at a press conference in Flensburg on December 23, 2024. The occasion was a visit by Federal Minister of Economics Robert Habeck and a joint discussion with representatives of the trade union IG Metall Küste and works councils from both shipyards. Minister Habeck emphasised the outstanding importance of the shipbuilding industry for Germany and for the North in particular. He assured them of his personal commitment to maintaining the sites.
Time is of the essence, as the shipyards are only financed until the end of January 2025.
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