Military: Thyssenkrupp Marine Systems shows interest in MV shipyards

100 billion euro special fund for the Bundeswehr: This also gets the German armaments industry on the scene. Parts of the insolvent MV shipyards could get a new owner as a result.

The submarine and naval ship manufacturer Thyssenkrupp Marine Systems (TKMS) wants to take over parts of the insolvent MV shipyards in Mecklenburg-Western Pomerania.

“We are interested in the Wismar location,” said TKMS CEO Oliver Burkhard of the “Welt am Sonntag”. The shipyard would be suitable for any form of additional orders, be it submarines or surface vessels. The decision lies with the insolvency administrator and the creditors’ committee.

Against the background of the Ukraine war and with a view to the announced 100 billion euro special fund for the expansion of the Bundeswehr, his company had to build up additional capacities. There are many shipyards on the North Sea and Baltic Sea that are looking for new fields of activity because of the crisis in civil shipbuilding, said Burkhard.

Overall, TKMS is striving to consolidate the shipyard industry in Germany and Europe and wants to play a leading role in this. First, a German champion could be formed with, for example, Lürssen or German Naval Yards, Burkhard said.

Until January, MV Werften belonged to the Asian Genting group. The companies in Wismar, Rostock and Stralsund built cruise ships for the parent company with more than 2000 employees. However, the corona pandemic brought business to a standstill and bankruptcy was filed for MV Werften. Around 1,900 former shipyard employees are still gathered in a transfer company.

Source: Stern

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