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Scandlines begins search for new ferry yard

Financing problems have halted the construction of two new Scandlines ferries on the STX shipyard in Finland, and the shipping company is now looking for new partners.

It looks like Scandlines for the second time in just a brief period will have to find a new yard to build the carrier's two new ferries. The Finnish STX shipyard in Turku has stopped work on the ferries after significant problems securing the proper financing. This is not the first time that the shipping company experiences problems related to the ships. In late 2012, shipyard P+S Werften in Stralsund canceled the original contract with Scandlines due to a bankruptcy.

On Wednesday STX Finland announced that the Finnish yard was unable to comply with the original deadline for securing the necessary financing, and that the group will thus have an extremely hard time complying with the commitments signed in a declaration of intent back in June.

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