German shipyard Flensburger Schiffbau-Gesellschaft (FSG) has been sold to the family-owned Heinrich Rönner Group, whereas the Bremen-based Lürssen Group has submitted a formal offer to acquire Nobiskrug, which has been a part of FSG since 2021.
The terms of the agreement see Heinrich Rönner Group, which also owns German shipyard Lloyd-Werft, absorb FSG's facility in Flensburg, Germany along with the yard's current workforce. Meanwhile, Lürssen will acquire FSG's Rendsburg shipyard with Nobiskrug set to operate out of the neighbouring Lürssen-Kröger shipyard.
According to FSG*, the group's provisional insolvency administrators, Hendrik Gittermann and Christoph Morgen, are prepared to accept these offers the week after insolvency proceedings have begun.
"We have managed to find two renowned strategic investors for FSG and Nobiskrug within the extremely tight time frame of just seven weeks," said Morgen, indicating that the Flensburg facility is poised to resume the build of an LNG-powered RoRo (roll-on/roll-off) vessel for Australian shipping company SeaRoad.
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