Eight years after the bankruptcy, the trustees and banks of Royal Imtech NV reached a settlement agreement on 23 October. In resolving a potentially complex dispute, lengthy and costly court proceedings have been avoided. Royal Imtech, a European technical services...
The court in Groningen declared Holland Norway Lines BV (HNL) bankrupt on Monday, 4 September. The bankruptcy was filed in consultation with trustee Hans Silvius and the management of HNL. Silvius has been appointed as curator. The reason for filing for bankruptcy is...
After almost ten years since its keel laying, the Caranx 11.500-DWT multi-purpose vessel, now named Vertom Joy, is finally close to entering into service. The vessel left Thecla Bodewes Shipyards on Tuesday, 28 March, on its way to Amsterdam for final underwater...
Thyssenkrupp Marine Systems (tkMS) will take over the shipyard location of MV Werften in Wismar. With this move, one of the most traditional shipbuilding locations in Germany once again has a long-term outlook. Depending on orders, tkMS could produce submarines in...
Heesen Yachts faces serious problems should its Russian owner Vagit Alekperov end up on the EU sanctions list. Thus far, Alekperov has been placed on the UK list, which is already causing issues with Heesen’s UK suppliers. Heesen Yachts says Alekperov is one of...
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