Hong Kong Trading in shares of the owner of MV Werften in Mecklenburg-Western Pomerania and Bremerhaven on the Hong Kong stock exchange was suspended on Friday. According to Genting Hong Kong, the reason is an announcement about information from the company that is expected shortly. On Thursday last week it became known that the group is suing the state government of Mecklenburg-Western Pomerania for the immediate disbursement of an auxiliary loan in the amount of 78 million euros.
The federal government is still ready to support the ailing MV Werften with a new rescue package, but is demanding a contribution from the owner. “We stand by the side of the company and its employees in order to get through this difficult time together. It is now only up to the owners to make an appropriate contribution, ”said State Secretary for Economic Affairs Udo Philipp of the dpa.
Genting Hong Kong is currently not ready for this. The owners lacked a clear commitment to their yard. “That is disappointing and endangers many thousands of jobs in the region,” said Philipp.
Before Christmas, the federal government had submitted a financing proposal to save the ailing shipyards. The aim was to secure the more than 1900 jobs in a structurally weak region with little industry.
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The huge cruise ship “Global Class 1” should be completed with around 600 million euros from the economic stabilization fund. In return, according to dpa information, the Ministry of Economic Affairs asked the owner to make a contribution of 60 million euros. The ship was to be used as security for the federal financial injection.
According to dpa information, there have been several intensive discussions with the owners and a close exchange between the Federal Ministry of Economics and the state of Mecklenburg-Western Pomerania since Christmas. However, the owner continues to refuse to pay the premium.
Genting acquired the shipyards in Rostock, Wismar and Stralsund in 2016 in response to the then booming cruise market in order to have ships built there for the Group’s own shipping companies. But with the collapse of the industry as a result of the Corona crisis, the Asian parent company ran into difficulties that continue to this day. The employees of MV Werften now have to worry about the continuation of shipbuilding and thus about their professional future.
More: The future of MV Werften is uncertain – shipbuilders are pushing for rapid aid