Royal IHC has reached an outline agreement with banks, the government and HAL, reports Dutch newspaper FD. IHC plans to sell IQIP to HAL to pay off its debts with the banks and secure refinancing. It marks a second rescue of the Dutch shipbuilder. In...
Royal IHC will lay off 251 people in the coming months due to a lack of new large shipbuilding and ship repair orders. In addition, the Dutch shipbuilder will temporarily close its yard in Krimpen aan den IJssel. In November 2020, Royal IHC also announced a major...
German media report submarine builder Thyssenkrupp Marine Systems (TKMS) has shown interest in taking over the Wismar shipyard of MV Werften. MV Werften and Lloyd Werft filed for bankruptcy in January after owner Genting Hong Kong got into financial trouble due to the...
Dutch shipyard Royal Bodewes and production company Passer SIDC from Lithuania have acquired the former De Hoop Shipyard in Foxhol, the Netherlands. De Hoop stopped building ships there in 2017 and since then rented out the location to shipyards and steel construction...
The insolvency administrator has announced that the Lloyd Werft Bremerhaven has been sold to the Rönner-Zech Group. The German shipyard is to be taken over before 1 April and the 230 employees are said to keep their jobs. Plans are for the yard to focus on ship...
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