Purchase Offers for Peene Shipyard Expected

New agreement reached with Berthold Brinkmann, the insolvency administrator of P+S WERFTEN, German Shipbuilders.

The new agreement means hat both coast guard ships ordered from the Peene shipyard can now be completed, and delivery is planned for February and April 2013.

In addition, orders taken by the Peene shipyard to convert and maintain naval ships will go ahead as planned. For example, on 1 November the German navy tender “Main” has left the shipyard after a nine-month refitting period for its transfer voyage to Kiel. Furthermore, the administrator has taken on the construction agreement for components of the frigate 125. Construction for the German navy will take place as part of ARGE F125.

Thanks to these orders, employment at the Peene shipyard has been secured up to May 2013. The shipyard expects to be awarded more orders, especially from the naval sector. Currently, 400 employees and 65 trainees work at the Peene shipyard.

There are now several parties with a serious interest in the Peene shipyard in Wolgast, who intend to submit binding offers by the end of November.

Conclusion of an agreement is planned by the end of 2012. To safeguard the bidding process, details will not be released.