Category: Press Release

Flensburg, 30 August 2019; Today another Ro-Ro ship was handed over to SIEM by the Flensburger-Schiffbau-Gesellschaft. This is the seventh ship that FSG has handed over to SIEM. On April 8, 2019, Mrs. Mona Schäfer named the ship “Leevsten” in a family atmosphere before it was launched. The main parameters of the new Ro-Ro ferry: Length: 209.79 m Width: 26.00 m Capacity: 11,900 t Draft: 6.45 m GT: 32,887 Track metres: 4076 Main engine: 2 x MAN 8L48/60CR.

The eighth vessel for Siem will be launched at the end of October.

main parameter:

• Length over all: 209,79 m
• Breadth moulded: 26,00 m
• Deadweight: 11,900 t
• Draught: 6,45 m
• Gross Tonnage: 32 887
• Trailer lanes: 4076
• Main engine: 2 x MAN 8L48/60CR

Flensbug, 30.9.19; The Global investment company Tennor Holding B.V. confirms it has now become the sole owner of the German shipyard FSG.

This follows the successful acquisition of all remaining shares in FSG from the former owners, Siem Europe Sarl.

In February of this year, Tennor (formerly Sapinda Holding) became the principal shareholder in the business, established in the North German state of Schleswig-Holstein in 1872.

Siem Europe first became a shareholder in FSG in September 2014 and over the past five years has been the main purchaser of vessels produced at the yard, which has included the construction of 8 large Roll on/Roll off freighters.

Siem Europe will continue to work closely with Tennor alongside other FSG customers and suppliers to ensure the long term growth and prosperity of the business.

Flensburg, 27.06.2019; The Flensburger Schiffbau-Gesellschaft mbH & Co. KG hereby comments on the media coverage of the last days :

As both Mr. Lars Windhorst, Shareholder and CEO of Tennor Holding B.V. and Mr. Alex Gregg-Smith, CEO of the shipyard announced at the last works meeting on 20.6.19, FSG is in close contact with the customers of the RoPax ferries to be built in order to discuss the next steps for the construction of these existing orders. These discussions have been very promising so far.

The contracts have not been terminated by neither the customer nor by FSG.

Furthermore, the construction of next RoRo ship, Hull No. 781 has not stopped – on the contrary, the keel laying ceremony took place on 27.5.19 and is progressing to schedule on the slipway with launching scheduled for 29.10.2019.

The RoPax ferry “Honfleur” is currently in the phase of extensive outfitting and commisisioning alongside the commissioning work of the RoRo “Leevsten” and the work on construction number 781 for SIEM has been partially rescheduled which has resulted in temporary undercapacity in part of the production. For this reason, some colleagues are currently temporarily working short-time labour.

Flensburg, 30. April 2019; As part of the process in moving torward with the reorganization of the shipyard with the aim of securing its long-term success, FSG has been in negotiations with customers and suppliers since the beginning of the year.

Tothis end, several measures have been implemented in order to successfully achieve this target.

The RoPax ferry for Brittany Ferries is in the process of intensive outfitting. For optimal progresstobe obtained on this project it was necessary to postpone the start of production of our newbuilding no. 781, the eighth RoRo vessel for SIEM.
This has led to a partial and temporary underemployment in one part of the production. Forthis reason, the Company’s management and Werks Council have agreed to apply to
the Labour Employment Agency for short-time work in this area.

The application has already been submitted.

The effects on the affected area are being kept to a minimum. The majority of the affected employees will be able to bridge this period either by reducing overtime hours previously worked or will be temporarily employed in other areas of production.