After MV Werften’s bankruptcy: Ex-owner Genting shows new interest in ‘Global Dream’

Hamburg After the bankruptcy of medium voltage shipyards

Former owner Genting has expressed renewed interest in Global Dream

completed completed

Global Dream, based at MV Werften in Wismar, is nearly 80 percent complete.

Source: Berthold Fabricius

Hamburg’s interim insolvency manager Christoph Morgen spoke of “several parties involved” in the world’s largest cruise ship. IG Metall requires a back-up solution for employees.

nAfter the setback caused by the bankruptcy of Asian cruise group Genting, the director of MV Shipyards in Mecklenburg-West Pomerania has new hope. The former owner, Malaysian billionaire Lim Kok Tai, contacted him and indicated he was still interested in buying the cruise ship Global One, said interim insolvency manager Christoph Morgen of law firm Brinkman and his partner at Reuters news agency. Wednesday. It is unclear whether the ship should then be completed at Wismar or elsewhere in the world. Morgen is touting the completion of the cruise ship, which is already three-quarters complete, at the Baltic Shipyard, because staff there are familiar with the ship. In the morning, the workforce was informed in advance of the case.

After Genting’s bankruptcy, it remains unclear whether Dream Cruises, which belongs to the Chinese group, will fail as a customer of “Global One” in Wismar, which is designed for 9,500 passengers. Therefore, Morgan intensified the search for other buyers. “We are in talks with many serious prospects of the ship,” he said. Morgan did not give names. The ship is the largest cruise ship in the world in terms of passenger capacity and will have 2,500 additional crew members on board.

Read also

The impending bankruptcy of MV Shipyards Press conference at MV Shipyards in Wismar with Chairman of Genting Hong Kong, Colin Au and Group Managing Director of Shipyards Carsten Haake.  It became the completion of the largest cruise ship in the world

Read also

The impending bankruptcy of MV Shipyards Press conference at MV Shipyards in Wismar with Chairman of Genting Hong Kong, Colin Au and Group Managing Director of Shipyards Carsten Haake.  It became the completion of the largest cruise ship in the world

Shipyards MV bankruptcy application

Read also

A view of the medium-voltage shipyards in Wismar

Meanwhile, staff time is running out. The question is how long the talks with the concerned parties will take. “It won’t work until March 1,” Morgan said. “Even if we have a new client, we will need a new construction contract and financing for new construction. It cannot be done in a few weeks.” Bankruptcy proceedings are expected to begin at the beginning of March.

So IG Metall is calling to bridge the gap between the nearly 2,000 employees affected by bankruptcy. In negotiations with the insolvency administrator, the union wants to ensure that as many employees as possible at the sites in Rostock, Stralsund and Wismar are able to switch to carriers. “At Wismar, the first thing is to keep a big enough team,” said area manager Daniel Friedrich. “Without workers and designers, the Global 1 cruise ship for Genting or any other interested parties cannot be completed.” First and foremost, the financing from the insolvency estate must be clarified. Friedrich said talks were also underway with the state government.

The federal government is hoping for a fresh start for the Baltic shipyard group. Federal Economy Minister Robert Habeck (the Greens) said in the Bundestag that the insolvency of the average car was not the end, but hopefully an opportunity for a fresh start. The default risk of the federal government depends on the group’s further economic activity. There is almost 100 million euros in funds and guarantees that have not been called up.

MV Werften filed for bankruptcy at the beginning of January after negotiations between the Genting Group, the federal government and the state of Mecklenburg-Western Pomerania failed to find a solution for more funding. Last week, Genting Hong Kong itself initiated legal steps to settle. The cruise group previously said it would not be able to service loans of more than $2.8 billion due to the bankruptcy of the MV shipyard in Germany.

.

Leave a Reply

Your email address will not be published.