Foreship Expands to Hamburg

Naval architect and marine engineering company Foreship plans to establish a new business entity in Germany, targeting January 1, 2020 as the launch date for Foreship GmbH.

The move is designed to forge closer ties with German owners, shipyards and marine engineering companies to better service existing customers and attract new ones. Foreship GmbH will be led by Managing Director Olli Somerkallio, current Head of Machinery at Helsinki-based Foreship.

Foreship CEO Lauri Haavisto says that the new German operation offers firm evidence of Foreship’s plans to grow its existing cruise business, attract new customers and target additional ship types, in line with ambitions set out by new majority shareholder Vaaka Partners, which acquired 60% of Foreship equity last month.