TT-Line Cancels Order at FSG
German shipyard Flensburger Schiffbau-Gesellschaft (FSG) shipyard will not build TT-Line Company Pty Ltd's new Spirit of Tasmania vessels.
The Australian shipping company TT-Line cancelled the order at FSG for the construction of two ferries, said a statement from the shipyard.
The cancellation of the orders 778 and 779 for TT-Line is by mutual agreement after constructive and objective discussions between the management and owners of FSG and the management of TT-Line.
Alex Gregg-Smith, Managing Director of FSG said, “This decision has been taken with the mutual consent of all parties concerned and is part of our reorientation of FSG as we focus on building high-quality products on time and on budget.”