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22 January 2022 The on-line newspaper devoted to the world of transports 04:34 GMT+1

January 3, 2022

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Clash between the Länder of Mecklenburg-Pomerania and Genting HK on the future of the MV Werften shipyard

The Chinese group takes legal action to obtain immediately a loan of 78 million euros

The government of the Länder of Mecklenburg-Pomerania is very "irritated" by the approach of the Chinese group Genting Hong Kong at the negotiations on the future of the MV shipyard Werften by Wismar. This was officially announced by the ministries of the Economy, Labour and Health and finances of the Federal State German in response to the decision of the Asian group, which is owner of the navalmechanical plant in Wismar, to mention in court the Länder to receive immediate payment of 78 millions of euros.

The sum is a loan that in recent days the government and the Finance Committee of the Mecklenburg-Pomeranian Parliament agreed to grant Genting Hong Kong within the framework of the measures to support the state economy provided that the government Federal and the Chinese group agree on further support economic to the shipyard of Wismar, an understanding that so far is not has been reached.

Genting HK broke the deadlock and decided to take action legal to obtain these funds. A decision that upset the counterparty. However, the two ministries pointed out that a a negotiated solution is still a priority for the State and confirmed that negotiations will continue in the next few years days.

PSA Genova Pra

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