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German govt comes to the aid of Meyer Werft

German govt comes to the aid of Meyer Werft

by Mariska Buitendijk | Aug 26, 2024 | News, Passenger ships, Ship design, Shipbuilding

Through a guarantee and by becoming a major shareholder, the German Government wants to save its major cruise shipbuilder Meyer Werft. German Chancellor Olaf Scholz and Lower Saxony’s Minister President Stephan Weil confirmed their commitment to help the company...
Vroon completes restructuring and offshore fleet sale

Vroon completes restructuring and offshore fleet sale

by Mariska Buitendijk | Oct 11, 2023 | News, Offshore, Shipping

Vroon has finalised its financial restructuring. The shipping company now has a specialised fleet of 65 deepsea transport vessels and emergency response and rescue vessels. As part of the restructuring, about forty vessels were sold. Britoil Offshore Services from...
Shipbuilder Royal IHC allowed to sell IQIP to reduce debt

Shipbuilder Royal IHC allowed to sell IQIP to reduce debt

by Mariska Buitendijk | Mar 9, 2023 | Dredging, News, Offshore, Offshore wind, Ship design, Shipbuilding

Struggling Dutch shipbuilder Royal IHC has succeeded in getting the court to sign off on its financial restructuring plan. The plan allows IHC to sell its successful subsidiary IQIP to HAL Investments to improve its balance sheet. Royal IHC has been in financial...

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