The administrator overseeing Genting Hong Kong’s German assets has reportedly reached an agreement with two local firms to acquire the Lloyd Werft shipyard in Bremerhaven.
According to a report by The Maritime Executive, shipbuilding specialist Heinrich Rönner Group and construction and real estate firm Zech Group will pay between €20 and €30 million for the yard and its real estate, pending regulatory approval, having outbid yacht company Al Seer Marine from the United Arab Emirates. Al Seer had been negotiating to acquire the shipyard last year before Genting Hong Kong was placed under provisional liquidation.
Lloyd Werft is said to be one of the oldest shipyards in operation, having launched in 1857 and been at its current location since 1871. Its recent focus, the report says, has been overhauls and refits with a particular focus on cruise ships.
Genting Hong Kong acquired 70% of the shipbuilding business and 50% ownership of the associated land for €17.5 million in 2015 although it later acquired the assets that would become its primary shipyard, MV Werften. The company had in recent times touted selling Lloyd Werft.
The Maritime Executive report claims the three yards that make up MV Werften are likely to be sold individually. As reported by IAG, the search is also on to find a buyer for Global Dream – the massive 208,000 gross ton cruise ship that was close to completion when Genting Hong Kong went bankrupt.
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