Rescue underway for troubled German shipbuilder FSG Nobiskrug?
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There are hopeful signs that a rescue could be in the works for the two shipyards owned by Germany\u2019s FSG Nobiskrug \u2014 Flensburger Schiffbau Gesellschaft (FSG) in Flensburg and Werft Nobiskrug in Rendsburg, Provisional insolvency administrators Dr Christoph Morgen (whose name will be famliiar to those who have read our previous coverage of German shipyard rescue<\/a>s) and Hendrik Gittermann<\/a> said today that the shipyards have received several offers from potential investors. Those investors, they said, are industry-related companies from Germany, not financial investors. The news was released during the visit of Schleswig-Holstein\u2019s Prime Minister, Daniel Guenther, and State Minister of Economic Affairs, Claus Ruhe Madsen, to a staff meeting at the invitation of the workers\u2019 union IG Metall Rendsburg<\/p>\n \u201cNegotiations with interested parties are well advanced. This applies equally to the Rendsburg and Flensburg sites,\u201d said Gittermann. Nonetheless, neither Gittermann or Morgen consider a complete and immediate resumption of production at the beginning of February, and then under new management, to be unrealistic.<\/p>\n Before that, maintenance work and TUV inspections would have to be carried out, insurance cover applied for and much more would have to be done.<\/p>\n