Insolvent but confident Pella Sietas goes back to work

Normal work has resumed at the insolvent but still busy Hamburg shipyard Pella Sietas after it was announced that complaints of unpaid wages were being settled and new investors sought, reports Tom Todd.

Pella Sietas: confident of the future but stymied by “liquidity bottlenecks” and silting problems.

Normal work has resumed at the insolvent but still busy Hamburg shipyard Pella Sietas after it was announced that complaints of unpaid wages were being settled and new investors sought, reports Tom Todd.