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…

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…

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…