The Hamburg Sietas shipyard was only taken over by Russian investors from bankruptcy a good seven years ago. Now the management has to go to the bankruptcy court again.
This news causes consternation in Hamburg: The traditional shipyard Pella Sietas is facing bankruptcy. The company announced that it would file for bankruptcy this Thursday, said authorized officer Natallia Dean on Wednesday to the German press agency. She confirmed information from IG Metall in Hamburg. Further information on the exact reasons for bankruptcy should follow in the afternoon on request.
According to information from IG Metall Hamburg, the management informed the workforce at a works meeting on Wednesday about the impending bankruptcy application for Pella Sietas GmbH. “The employees have been waiting for their wages for months and some of them have been receiving support from the employment agency since the beginning of July,” said the union’s second representative, Emanuel Glass. “The news of the bankruptcy is therefore not unexpected, it nevertheless caused deep concern among the employees.”
Hamburg shipyard Pella Sietas focuses on special ships
The shipyard in the Port of Hamburg, known for special ships, is one of the oldest shipbuilding companies in the world. First mentioned in 1635, it remained in the family for nine generations. Since 2014, it has been part of the St. Petersburg-based Russian Pella Shipyard, which the shipyard had taken over from an earlier bankruptcy. Since then it has been operating as Pella Sietas GmbH. According to earlier information, around 350 people work on the southern bank of the Elbe at the mouth of the Este tributary in the Neuenfelde district. In addition, there are up to 800 temporary workers and contract workers.
The shipyard regularly suffers from major problems due to the siltation of the harbor basin: finished ships cannot leave the shipyard without dredging or regular flushing. According to research by the “Welt”, the shipyard actually has enough orders and is currently working, among other things, on an icebreaker, which was laid down in autumn 2020. The 28-meter-wide ship is expected to be launched in 2023.
Among other things, because of the corona pandemic, work at the Hamburg shipyard was delayed, explains the “world”. Shipyards usually do not have a particularly thick cushion of capital. Since they would be paid by the client when they had made certain construction progress, it could be financially tight despite full Oder books.
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You can see in the video: 200 meters in length, 40 meters in width and space for 7,000 cars – this ship is set to revolutionize commercial shipping. But even if the “Oceanbird” project seems futuristic, its drive goes back to the beginnings of seafaring.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
