VESSELS & SHIPYARDS

€600 million support tipped for troubled German yard group

6 years ago

The east German shipbuilding group MV Werften (MVW) has been told it can hope for financial support worth some €600 million up to the end of the year to help it cope with a production shutdown caused by the Corona virus pandemic, writes Germany Correspondent Tom Todd.

Global Dream transfer from Rostock to Wismar last year. Shut down now could threaten completions..

The east German shipbuilding group MV Werften (MVW) has been told it can hope for financial support worth some €600 million up to the end of the year to help it cope with a production shutdown caused by the Corona virus pandemic, writes Germany Correspondent Tom Todd.