VESSELS & SHIPYARDS

New bail-out secures German yard projects

6 years ago

Hard-hit east German yard group MV Werften (MVW) is resuming some operations this month after receiving a government loan of €193 million to secure major projects, reports Tom Todd.

MVW’s Crystal Endeavour; could now be delivered next year thanks to state loan.

Hard-hit east German yard group MV Werften (MVW) is resuming some operations this month after receiving a government loan of €193 million to secure major projects, reports Tom Todd.