ShippingWatch

P+S Werften: We intend to finish DFDS ships

The insolvent German shipyard Volkswerft Stralsund is looking to restart negotiations with DFDS about the shipping company’s two ships, stranded in the shipyard's financial trouble. Recently, DFDS CEO gave the shipyard an ultimate deadline.

The insolvent German shipyard Volkswerft Stralsund, which has suspended payments, is looking to restart negotiations with DFDS on the two ships stranded in the shipyard's financial trouble.  However, the plans to finish the two ro-pax ships meant to operate within the Danish and German defences and priced at USD 172.6 million require a go from the European Commission as the shipyard has been kept afloat through state subsidies.

The announcement from the administrator of the estate, Berthold Brinkmann, to Lloyd’s List on Thursday was made a few days after a ShippingWatch interview with DFDS CEO, Niels Smedegaard (picture), in which he stated that he had given the shipyard until Christmas to find a solution. When the shipyard suspended payments in August, DFDS cancelled the contract primarily caused by legal issues in the situation and without giving up a plan of finishing the ships at Volkswerft.

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