Insolvency Administrators Confident in Sale of FSG Shipyards

The provision insolvency administrators for Germany’s FSG and Nobiskrug shipbuilders told government officials and union leaders they remain confident in the efforts to save the financially troubled yards. Meeting on Friday, January 17 at the Nobiskrug shipyard in Rendsburg, Prime Minister Daniel Günther told reporters the state was willing to help in order to save the nearly 500 jobs at the two yards.

Insolvency hearings commenced against the group in December and are scheduled to proceed to court at the beginning of February. In addition, the provisional administrators told government officials that interim financing would run out by the end of January. While they remain confident, they now believe t…