Insolvency
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Maritime News
Rescue Plan Emerges for Germany’s FSG and Nobiskrug Shipyards
At a press conference on Friday, January 31, at the now closed FSG Shipyard (Flensburger Schiffbau-Gesellschaft) the provisional insolvency…
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Maritime News
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…
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Maritime News
FSG Shipyards Get Temporary Financing from German State to Continue Work
The bankrupt German shipbuilding group FSG-Nobiskrug Holding received temporary financing to keep the operations open while efforts continue to seek…
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Maritime News
Germany’s FSG Shipbuilder Forced into Contentious Insolvency Process
The embattled German shipbuilding group FSG-Nobiskrug Holding along with its two shipyards and its design group have been provisionally declared…
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Port News
Damen Mangalia insolvency proceedings get underway
Insolvency proceedings are underway in Romania involving one of Europe’s largest shipbuilding facilities. A tribunal in Constanta has given an…
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Maritime News
FSG’s insolvency proceedings set to start in August as sale talks with Pella Siestas continue
The Flensburg District Court will open insolvency proceedings concerning Flensburger Schiffbau-Gesellschaft mbH (FSG) on August 1st, the company said in…
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Maritime News
FSG files for insolvency
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in…
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Tanker News
Insolvency proceedings initiated against Mercator
Mercator reported another quarter mired in red ink yesterday with more and more creditors calling debts in. Once India’s third…
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