Lürssen close to buying sixth shipyard (3 July 2012)

The German superyacht-builder is on track to acquire the Norderwerft yard in Hamburg
Subject to the completion of final negotiations, expected within the next month, Lürssen is on track to acquire a shipyard in Hamburg which will be the sixth owned by the company.
The facility, the Norderwerft shipyard formerly part of the of J JSietas group, is located within the Hamburg dock system and concentrates on repair and refit work, allowing Lürssen to expand this part of its business. It is hoped the additional yard will start operating under the Lürssen banner in the third quarter of this year.
Lürssen put in the highest bid for the yard and Friedrich Lürssen told IBI that the bid was in the “rather high one digit millions of euros.” The yard already has an established flow of commercial shipping repair work, which Lürssen will continue, but if there was a volume of yacht repair or refit work Lürssen indicated that the Norderwerft yard could be used for such work as it does at the Neue Jadewerft yard in Whilhelmshaven.
The Norderwerft shipyard facilities include two floating docks — one of 164mx28m with a lifting capacity of 12,500 tonnes and one of 118x24m able to lift 5,600 tonnes. Lürssen does not see the need to upgrade the yard facilities….. (IBIPlus, 3 July 2012)


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