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Irish Ferries Enthusiasts => The News Board => Topic started by: giftgrub on February 12, 2019, 08:31:59 pm

Title: FSG Shipyard
Post by: giftgrub on February 12, 2019, 08:31:59 pm
Today an investment company has bought into FSG the shipyard that built the WBY.

http://m.manager-magazin.de/unternehmen/artikel/lars-windhorst-rettet-flensburger-schiffbau-gesellschaft-a-1252768.html

I don’t think this is the end of the shenanigans at the shipyard, SIEM do seem to have got four ROROs built at cost by the yard and presided over the cataclysmic building of the WBY and what surprises are awaiting the Honfleur.

This story could continue for awhile yet.


Title: Re: FSG Shipyard
Post by: Davy Jones on April 04, 2019, 05:18:21 pm
Looks like another launching will be occurring over the next few days!

http://31.209.185.103/view/viewer_index.shtml?id=125901
Title: Re: FSG Shipyard
Post by: IFPete on April 04, 2019, 07:46:55 pm
One more Ro - RO Freighter to be built for Siam Group and IF New Build 2 "JB Shaw" will have its keel laid.
Title: Re: FSG Shipyard
Post by: jimjoe on April 04, 2019, 10:56:44 pm
One more Ro - RO Freighter to be built for Siam Group and IF New Build 2 "JB Shaw" will have its keel laid.

Where did you hear the name? Is that not the name of the Naval Service latest vessel?
Title: Re: FSG Shipyard
Post by: marsav68 on April 05, 2019, 09:22:34 am
Looks like another launching will be occurring over the next few days!

http://31.209.185.103/view/viewer_index.shtml?id=125901


I see the naming stand has appeared this morning.

One more Ro - RO Freighter to be built for Siam Group and IF New Build 2 "JB Shaw" will have its keel laid.

I've been watching this one regularly since they laid the keel in December. They basically started the day WBY was handed over and the MARIA GRAZIA ONORATO was launched.  So approximately 4 months, if they start the 2nd SIEM immediately we could be looking at the start of IF 2 late August?
Title: Re: FSG Shipyard
Post by: Jamie1608 on April 05, 2019, 12:23:57 pm
Looks like another launching will be occurring over the next few days!

http://31.209.185.103/view/viewer_index.shtml?id=125901


I see the naming stand has appeared this morning.

One more Ro - RO Freighter to be built for Siam Group and IF New Build 2 "JB Shaw" will have its keel laid.

I've been watching this one regularly since they laid the keel in December. They basically started the day WBY was handed over and the MARIA GRAZIA ONORATO was launched.  So approximately 4 months, if they start the 2nd SIEM immediately we could be looking at the start of IF 2 late August?

They started on the Monday after the Honfleur was launched; the Maia grazing onorato las launched in late July or early august
Title: Re: FSG Shipyard
Post by: Davy Jones on April 08, 2019, 05:11:14 pm
Launched!

Looks like Honfleur has moved to the other side of the pier and the new launch has taken her place.
Title: Re: FSG Shipyard
Post by: Davy Jones on April 17, 2019, 04:59:12 pm
Nothing started in the build hall yet. Looks like they are all having an early Easter holiday. Given the amount of metal they have shoved though those big doors over the last year, they most probably deserve it!
Title: Re: FSG Shipyard
Post by: Chef on April 17, 2019, 06:32:51 pm
Speaking of those doors , they took delivery trough those doors  over the last few days of pre fabricated hull sections from a barge .
Title: Re: FSG Shipyard
Post by: IFPete on April 19, 2019, 09:42:00 pm
The prefabricated hull sections are in the foreground in the image.

They are having a rest for easter.

They must of done a deal with IF to cut them some slack after WB Yeats was delivered.

I heard a rumpour there might be another order to replace IOI as soon as IF2 goes into service.
Title: Re: FSG Shipyard
Post by: marsav68 on May 23, 2019, 12:25:12 pm
Looks like work is underway again on 781. Delivery doors are closed again and plenty of activity.

http://31.209.185.103/view/viewer_index.shtml?id=125901
Title: Re: FSG Shipyard
Post by: Davy Jones on May 23, 2019, 05:23:52 pm
Apparently they've re-assigned almost the entire workforce to the fitting out of Honfleur so they don't have a repeat of the Yeats delays.
Title: Re: FSG Shipyard
Post by: IFPete on June 03, 2019, 01:08:39 pm
That makes total sense. They are working to increase flexibilty within the shipyard to avoid bringing in so many contractors.
Title: Re: FSG Shipyard
Post by: Davy Jones on June 03, 2019, 02:20:21 pm
They have started laying a keel in the build house now.
Title: Re: FSG Shipyard
Post by: Steven on June 04, 2019, 02:56:57 am
That makes total sense. They are working to increase flexibilty within the shipyard to avoid bringing in so many contractors.

They've actually sent some of their own staff (around 60 from memory) home without pay!  FSG aren't out of the woods yet unfortunately and there's also an issue with the state loan guarantees as well (vital to fund the building of more vessels as the purchaser doesn't pay until delivery and the yard are already broke).  Perhaps most concerning is there has been an exodus of design engineers meaning the design team is reportedly overworked - concerning because they apparently haven't finished designing the next Irish Ferries vessel yet!  That's perhaps a future worry though - as it stands HONFLEUR, LEEVSTEN, 781 for Siem (construction of which was postponed in April) are all behind schedule.
Title: Re: FSG Shipyard
Post by: marsav68 on July 16, 2019, 09:09:21 am
Work on 781 in the build house appears to have ground to a halt again over the last week or so.
Work on Leevsten and Honfleur appears to be continuing.
Title: Re: FSG Shipyard
Post by: Niall on July 16, 2019, 02:03:10 pm
Work on 781 is still proceeding
Title: Re: FSG Shipyard
Post by: Chef on July 16, 2019, 05:29:52 pm
Work on 781 in the build house appears to have ground to a halt again over the last week or so.
Work on Leevsten and Honfleur appears to be continuing.
It is the holiday season as well don't forget , and the Germans do like their annual vacations .
Title: Re: FSG Shipyard
Post by: Steven on July 17, 2019, 04:49:11 am
Work on 781 in the build house appears to have ground to a halt again over the last week or so.
Work on Leevsten and Honfleur appears to be continuing.
It is the holiday season as well don't forget , and the Germans do like their annual vacations .

Exactly this.  A friend actually visited a week or two ago and was told much of the workforce was on holiday.  When people booked their holidays the yard didn’t exactly plan to be in the position they are now in.
Title: Re: FSG Shipyard
Post by: marsav68 on July 17, 2019, 08:08:22 am
Work on 781 in the build house appears to have ground to a halt again over the last week or so.
Work on Leevsten and Honfleur appears to be continuing.
It is the holiday season as well don't forget , and the Germans do like their annual vacations .

Exactly this.  A friend actually visited a week or two ago and was told much of the workforce was on holiday.  When people booked their holidays the yard didn’t exactly plan to be in the position they are now in.

Looks like the reason ok.
Title: Re: FSG Shipyard
Post by: IFPete on July 24, 2019, 04:33:28 pm
Build 781 is not due to launch until 29 October 2019,

I guess this built in holidays etc.

I wonder when Build 780 and Honfleur will be completed.
Title: Re: FSG Shipyard
Post by: marsav68 on July 25, 2019, 10:32:58 am
Build 781 is not due to launch until 29 October 2019,

I guess this built in holidays etc.

I wonder when Build 780 and Honfleur will be completed.

780 still appears to be moving along. It is active on AIS (If that is the correct terminology!) and I see on the latest camera shot that the rear lifeboat has been installed. Even with holidays there still appears to be plenty of workers going on and off. Quay side crane also in operation.

http://31.209.185.102/view/viewer_index.shtml?id=114000



Title: Re: FSG Shipyard
Post by: IFPete on July 26, 2019, 11:13:19 pm
There is a Cherry Picker working on the side of Honfleur @ 0015 AM
Title: Re: FSG Shipyard
Post by: Steven on July 28, 2019, 12:10:19 am
Build 781 is not due to launch until 29 October 2019,

I guess this built in holidays etc.

I wonder when Build 780 and Honfleur will be completed.

Honfleur is currently due for delivery in Early Spring 2020.  She on the timetable from 21st April.
Title: Re: FSG Shipyard
Post by: marsav68 on September 12, 2019, 12:37:49 pm
Just noticed the following on the FSG site from 30/08/2019:

http://www.fsg-ship.de/wordpress/en/tennor-holding-takes-full-ownership-of-flensburger-schiffbau-gesellschaft-mbh-co-kg-fsg/

Flensbug, 30.9.19; The Global investment company Tennor Holding B.V. confirms it has now become the sole owner of the German shipyard FSG.

This follows the successful acquisition of all remaining shares in FSG from the former owners, Siem Europe Sarl.

In February of this year, Tennor (formerly Sapinda Holding) became the principal shareholder in the business, established in the North German state of Schleswig-Holstein in 1872.

Siem Europe first became a shareholder in FSG in September 2014 and over the past five years has been the main purchaser of vessels produced at the yard, which has included the construction of 8 large Roll on/Roll off freighters.

Siem Europe will continue to work closely with Tennor alongside other FSG customers and suppliers to ensure the long term growth and prosperity of the business.


Also here: http://www.fsg-ship.de/wordpress/en/correction-statement-on-media-coverage-in-week-26/ is says:

Furthermore, the construction of next RoRo ship, Hull No. 781 has not stopped – on the contrary, the keel laying ceremony took place on 27.5.19 and is progressing to schedule on the slipway with launching scheduled for 29.10.2019.

So hull 777 to start in November?
Title: Re: FSG Shipyard
Post by: Niall on September 12, 2019, 01:18:15 pm
Yes we know that. That statement was made public a few weeks back. Leevsten as been handed over to Siem Carriers. Will most likey be going to Fayard to have scrubbers fitted.
Title: Re: FSG Shipyard
Post by: ferryfan on April 24, 2020, 11:21:06 am
Shippax reporting that sources in Germany expecting FSG is about to apply for insolvency.
Title: Re: FSG Shipyard
Post by: Niall on April 25, 2020, 03:33:44 pm
Where does that leave Hull 777 and Honfleur?
Title: Re: FSG Shipyard
Post by: Chef on April 26, 2020, 12:08:24 am
Where does that leave Hull 777 and Honfleur?
Luckily there is no Hull 777 to speak of so it can be built elsewhere like Finland maybe , as for Honfleur , i'm pretty sure she will be completed but delivered pretty late , maybe next  year . With her unique fueling/refueling system and designed for a six hour crossing she is only designed for one route and is of no interest to any ferry companies other than Brittany Ferries .
Title: Re: FSG Shipyard
Post by: geopm on April 26, 2020, 11:26:00 am
Not so simple!  IF have paid €30m to FSG and they are unlikely to be able to recover much of that if they go elsewhere.
Title: Re: FSG Shipyard
Post by: IFPete on April 26, 2020, 12:56:15 pm
Given the investment in Project 777. ICG is a significant stakeholder if the yard is to avoid liquidation.

I am sure any equipment ordered could be delivered to another yard and the drawings etc could be deemed ICG property.

I doubt Brittany Ferries will need Honfeur before Summer 2021.

Title: Re: FSG Shipyard
Post by: Kieran on April 26, 2020, 03:57:24 pm
I am sure any equipment ordered could be delivered to another yard and the drawings etc could be deemed ICG property.

I don't think any equipment would be ICG's property until after acceptance, I'm not sure where they would stand with the drawings/plans. Depends on how the insolvency proceedings go...
Title: Re: FSG Shipyard
Post by: Niall on April 27, 2020, 01:23:51 am
Would any company want to buy the yard at this stage?
Title: Re: FSG Shipyard
Post by: Chef on April 27, 2020, 06:56:02 am
Not so simple!  IF have paid €30m to FSG and they are unlikely to be able to recover much of that if they go elsewhere.
Once bitten twice shy as they say , ICG won't want to see another chunk of money disappearing if they decide to go with FSG , hence they will be looking for bonded guarantees from the local government to protect their investment if the yard even gets back up and running . Failing that it's cut your losses, by by FSG and go elsewhere . ICG are in no hurry for a new build since the Covid crisis and there is no shortage of tonnage in the market at present or the future hence there will be some great chartering deals to be had rather than risking a bunch of cash on a new build .
Title: Re: FSG Shipyard
Post by: IFPete on April 27, 2020, 01:17:37 pm
There has been no comment in the media from ICG. In Germany the Insolvency process in volentry unlike a liquidation in UK and Ireland.

Brittany Ferries , ICG and Local Goverment are three key stakeholders here.

I would imagine it would be in everybodies interests that Honfluer is completed and paid for per contract.

If the yard wants to move in another direction they still have to settle up with ICG before that can happen.

The Yard is strong on construction and very poor on completion of complex interiors.

They might have a future focusing on their strengths and partnering with Marine Fitout Specialists for Interior completion on future projects.

I would imagine local goverment will not want the yard to close from a jobs perspective in a small provincial town,   
Title: Re: FSG Shipyard
Post by: ferryfan on April 27, 2020, 03:50:04 pm
Not so simple!  IF have paid €30m to FSG and they are unlikely to be able to recover much of that if they go elsewhere.
Once bitten twice shy as they say , ICL won't want to see another chunk of money disappearing if they decide to go with FSG , hence they will be looking for bonded guarantees from the local government to protect their investment if the yard even gets back up and running . Failing that it's cut your losses, by by FSG and go elsewhere . ICL are in no hurry for a new build since the Covid crisis and there is no shortage of tonnage in the market at present or the future hence there will be some great chartering deals to be had rather than risking a bunch of cash on a new build .

ICL make fertiliser
Title: Re: FSG Shipyard
Post by: ferryfan on April 27, 2020, 03:51:45 pm
No decisions will be made by anyone until the appointed examiner completes their work (least that's how it works here)
Title: Re: FSG Shipyard
Post by: Niall on April 27, 2020, 06:01:44 pm
Not so simple!  IF have paid €30m to FSG and they are unlikely to be able to recover much of that if they go elsewhere.
Once bitten twice shy as they say , ICL won't want to see another chunk of money disappearing if they decide to go with FSG , hence they will be looking for bonded guarantees from the local government to protect their investment if the yard even gets back up and running . Failing that it's cut your losses, by by FSG and go elsewhere . ICL are in no hurry for a new build since the Covid crisis and there is no shortage of tonnage in the market at present or the future hence there will be some great chartering deals to be had rather than risking a bunch of cash on a new build .

ICL make fertiliser

He meant ICG. ICL was also a name for Irish Continental Line
Title: Re: FSG Shipyard
Post by: Chef on April 27, 2020, 08:07:40 pm
Not so simple!  IF have paid €30m to FSG and they are unlikely to be able to recover much of that if they go elsewhere.
Once bitten twice shy as they say , ICL won't want to see another chunk of money disappearing if they decide to go with FSG , hence they will be looking for bonded guarantees from the local government to protect their investment if the yard even gets back up and running . Failing that it's cut your losses, by by FSG and go elsewhere . ICL are in no hurry for a new build since the Covid crisis and there is no shortage of tonnage in the market at present or the future hence there will be some great chartering deals to be had rather than risking a bunch of cash on a new build .

ICL make fertiliser

He meant ICG. ICL was also a name for Irish Continental Line
An old habit or showing my age , I've always referred to Irish Ferries as Irish Continental Line .
Title: Re: FSG Shipyard
Post by: ferryfan on April 28, 2020, 11:18:00 am
I knew what you meant "Chef" am of a similar vintage.
Title: Re: FSG Shipyard
Post by: Chef on April 28, 2020, 07:46:21 pm
At least I can still remember when Irish Ferries had their dry docking in Verlome  Cork Dockyard in Cobh .