The bankrupt Spanish shipyard La Naval has reached a principle of an agreement with the unions. One of the points is to let go the unfinished dual-fuel multipurpose vessel LIVING STONE, built for the Belgian-Dutch DEME Group. This company recently tried to tow the ship out of the shipyard, to avoid it to be blocked by the bankruptcy. The action, described by local newspapers as an act of piracy, was unsuccessful. The owners defended themselves, saying that they have already paid a lot for the vessel, and claim its property.
Now La Naval and DEME have agreed to move the vessel to a place in the port of Bilbao, where subcontracting companies can finish it.
Although the unions have repeatedly shown their opposition to the ship leaving the shipyard, they had to admit that a full confrontation would mean the final curtain for the yard. DEME has agreed to pay the remaining invoices, which will help the yard to pay the salaries until the end of the year.
This agreement still needs to be signed by the unions.

The next step will be to solve the problem of the ferry commissioned by Baleària. The ferry company could exercise its right to cancel the newbuilding contract.
To be followed.

Source: El Correo
Photo © Baleària