ThyssenKrupp Marine Systems reports that the Blohm + Voss Shipyard in Hamburg will continue building yachts over 90 metres. In a statement the shipyard said the following:
In regard of the recent publication on ThyssenKrupp Marine Systems Group, the restructuring concerns the facilities in Emden (TKMS Blohm + Voss Nordssewerke) and Kiel (HDW). Blohm + Voss Shipyards, as part of ThyssenKrupp Marine Systems in Hamburg, will adhere to its strategy as builder and designer of worlds leading superyachts in the premium segment over 90 m in length and not only concentrate on naval vessels and submarines.
The international market for shipbuilding activities is dominated by over-capacity and finds itself in a consolidation phase. In recent months in Germany and internationally a number of shipyards, including some with a long tradition in the industry, have become insolvent or have only been able to continue operating with state support.
Against this background, ThyssenKrupp Marine Systems – like its competitors – conducts discussions in both the national and the international context on ways of dealing with the structural and cyclical crisis which has affected shipbuilding particularly badly.