A symbolic keel-laying plate with a traditional coin marked the formal completion of the takeover of German shipyard Nobiskrug by the Tennor Group.
Nobiskrug and fellow shipbuilder, and also part of the Tennor Group, Flensburger Schiffbau-Gesellschaft (FSG), will work under joint management and administration teams, but continue to operate from their respective locations.
With Nobiskrug’s yard in Rendsburg and FSG’s yard in Flensburg being less than an hour apart it is expected there will be close cooperation between the 645 employees based across the two locations, as Philipp Maracke, CEO of FSG and Nobiskrug explains:
“With the takeover of the Nobiskrug shipyard, we are positioning ourselves broadly for the future. Both shipyards have extensive know-how in the construction of specialised and technically complex vessels, which complement each other perfectly. It is the people who will make FSG and Nobiskrug strong as a unit. The mutual support in working across sites will lead to tighter relationships with our customers and suppliers.
“The two shipyards are ideally connected geographically as well, with a travel time of less than an hour, thus enabling close cooperation. "
Lars Windhorst, founder and owner of the Tennor Group, is equally excited about the future, saying:
“Nobiskrug and its employees ideally complement our strategy in the shipbuilding industry, which started with FSG. Our strategic goal is to achieve relevant market shares in both of these significant markets and at the same time to develop technical innovations. The progress towards zero-emission is an essential topic for ship owners and shipping companies, and today we are joining forces with Nobiskrug and FSG for this purpose as well.”
Uncertainty had existed around the German superyacht builder since it announced in September 2020 it was cutting 120 jobs. It then filed for insolvency in April this year.
The deal to save Nobiskrug and bring it under the same ownership as FSG, which builds and repairs passenger vessels, ferries, and Ro-Ro (Roll On Roll Off) vessels, was announced in July, before finally being concluded in recent days.
Nobiskrug was founded in 2005 and since then has constructed over 750 vessels, including the 142.8m (468ft) Sailing Yacht A, the world’s largest sailing yacht and one of the ten largest yachts in the world. It also delivered 80m (262.5ft) ARTEFACT, recent winner of two International Yacht and Aviation Design Awards.
According to YachtBuyer intelligence the yard has a further six vessels under construction, which will continue as normal, including 116m (380.5ft) Project Phoenix, due for delivery in 2023.
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