VESSELS & SHIPYARDS

Troubled German yard group gets cash

6 years ago

A €175 million emergency cash injection from banks and guarantors could keep German shipbuilder MV Werften afloat and preserve jobs until Berlin pandemic crisis assistance starts in the autumn, writes Germany correspondent Tom Todd.

Global Class section assembly in Rostock

A €175 million emergency cash injection from banks and guarantors could keep German shipbuilder MV Werften afloat and preserve jobs until Berlin pandemic crisis assistance starts in the autumn, writes Germany correspondent Tom Todd.