Independent journal on economy and transport policy
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Procedure of insolvency for German ship yard J.J. Sietas with the objective to maintain it on the market
the attempt - it has assured the senator to the Economy of Amburgo, Frank Horch - is to guarantee the maintenance as many as possible of places of work and to assure the prosecuzione of the activity
November 21, 2011
The administration of the city of Amburgo has decided to start the procedure of insolvency for ship yard J.J. Sietas KG Shiffswerft GmbH, procedure that - it has emphasized the municipal government - still offers the possibility to maintain the yard on the market.
Emphasizing that the economic crisis has had a strong impact on the activity of the plant, the senator to the Economy of Amburgo, Frank Horch, have explained that the decision to resort to the insolvency procedure has the objective to as many as possible guarantee the maintenance of places of work and to assure the prosecuzione of the activity of the yard of Amburgo: "the possibilities - it has explained - are. Now we must complete every effort in order to guarantee a sustainable future".
The yard of shipbuilding J.J. Sietas, its branch Neuenfelder Maschinenfabrik (NMF) and its yard of naval repairs Norderwerft give job to some one thousand people altogether.
Particular confidence for the prosecuzione of the activity of the plant is laid by in the market of the offshore wind energy, in which yard J.J. Sietas has joined with the received order at the end of 2010 from the Dutch Van Oord for a ship dedicated to the transport and the installation of elements for the construction of wind parks offshore, with option for a second unit. The ship, of the ability to 6.500 gross capacities in tons, will be long 139 meters, wide 38 meters and will be completed in September 2012. The unit will be equipped of a crane of the ability to raising of 900 tons produced from branch NMF.
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The administration of the city of Amburgo has decided to start the procedure of insolvency for ship yard J.J. Sietas KG Shiffswerft GmbH, procedure that - it has emphasized the municipal government - still offers the possibility to maintain the yard on the market.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
