IN THE MEDIA

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Eurotunnel Taking Department For Transport To Court Over Seaborne Freight Ferry Contract

Eurotunnel is starting a legal challenge against the Department for Transport over a decision to award contracts to three ferry companies, under no-deal Brexit plans.

The court appeal is the latest twist in the controversy surrounding the contracts.

At the weekend, the government announced it was scrapping a £13.8 million contract with Seaborne Freight to provide a service between Ramsgate and Ostend to ease pressure on other ports, such as Dover, in the event of a no-deal Brexit.

Eurotunnel says the contracts totalling EUR 108 million were awarded through a “secretive and flawed procurement process”.

Financial Investor Lars Windhorst Rescues Flensburg Shipyard

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Financial investor Lars Windhorst has thrown out a lifeline to the German shipyard by acquiring the majority of FSG.

Windhorst’s Sapinda Holding B.V. took over 76% of the shares, said previous owner, the Norwegian company Siem.

Some EUR 33 million of fresh equity will also be put by Windhorst’s holding into the yard.

In addition, Siem has issued FSG ten million in arrears, which were converted into new shares.

According to its own statements, Siem wants to remain an active shareholder with a majority in FSG’s advisory board.

As late as January, the FSG had difficulties paying their salaries to shipyard employees, including 650 full-time employees. The parent company Siem Industries finally had to step in.

The order books of the FSG are filled until 2021. In total, there are orders for seven ships with a contract volume of one billion euros.

With agency material

SHORT NEWS

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  • Ro-pax PAGLIA ORBA now has shore power connectivity.
  • It looks like the VILLA DE TEROR will be completed soon
  • ALCANTARA DOS will be the temporary Ciutadella – Alcudia route vessel after departure of NURA NOVA.

FERRY SHIPPING

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DFDS’ Biggest Ro-Ro Ferry Ever Enters The Fleet

On 31 January Henrik Tidblad, Director of Fleet Management DFDS, concluded that the necessary documents had been exchanged and that the Jinling yard had safely received payment.

This means the first of six 6,700 lane metre ferries is soon ready to be deployed on the Turkey-Trieste route.

DFDS still has to announce her official name.

The entry of the first vessel in service will most probably create reshuffles on other routes.

On the picture: the entire DFDS team that handled the delivery. Front row, second from the left: Henrik Tidblad, Jesper Aagesen, Jens-Peter Baltsersen and Ole Færge. (source and photo DFDS News)

Troubled Flensburg Shipyard Has A Future

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Last week it was reported how Flensburger Schiffbau-Geselschafft got into liquidity problems.

Siem Industries Group, the Norwegian owner of FSG has now taken several steps to get the yard out of the trouble zone.

The CEO, Rudiger Fuchs, has left the company, and Siem’s Alexander Gregg-Smith took over. He was already FSG’s interim CEO in 2016.

Employees and suppliers are being paid by Siem.

The shipyard has a healthy orderbook. State guarantees are being negotiated.