ShippingWatch

Lloyd Werft gets new Asian primary shareholder

Genting Hong Kong, which has ordered a series of cruise ships at German Lloyd Werft in Bremerhaven, is in the process of acquiring the whole shipyard.

Repair- and newbuilding yard Lloyd Werft in Bremerhaven has gotten a new primary shareholder in the form of Asian cruise and tourism group Genting Hong Kong, which in return for a USD 20 million investment in new facilities will acquire 50 percent of the shipyard, according to Tradewinds.

Genting Hong Kong has, until December 2017, an option enabling the group to take over full ownership of the land-based facilities and 30 percent of the shipbuilding business, from the current primary shareholder Dieter Petram.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all