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Unrest at Stralsund Shipyard is causing repercussions

The Stralsund-based large shipbuilding facility's lease payments are overdue. Consequently, the city has ended its lease agreement with the landlord. These actions have implications – even affecting an esteemed sail training vessel.

Stralsund, a Hanseatic city, breaks away from Fosen as a collaborator in the expansive dockyard...
Stralsund, a Hanseatic city, breaks away from Fosen as a collaborator in the expansive dockyard facility situated within the People's Factory. The city exhibits an upbeat outlook towards its future.

- Unrest at Stralsund Shipyard is causing repercussions

The cancellation of Fosen Werft GmbH's lease agreement with the city of Stralsund for their large shipbuilding hall has brought about some changes. On a Thursday, Fosen Stralsund GmbH, who were carrying out the overall renovation of the sailing school ship "Greif" in the hall, filed for bankruptcy.

As a result, Greifswald announced that the renovation would be significantly delayed. Greifswald plans to discuss with Fosen Stralsund GmbH's bankruptcy administrator about whether and how the steel construction work on the "Greif" can proceed. It might be necessary to find a new contractor for the job, they mentioned.

However, there are initial prospects for the hall's future use. Strela Shiprepair Yard in Stralsund expressed their interest in expanding their business within the Maritime Industrial and Commercial Park and have made an agreement with the city to use the shipbuilding hall. Strela aims to step in and fill the gap left by Fosen's withdrawal, they stated.

Outstanding Debts

On the previous Wednesday, Stralsund's city administration announced that they had prematurely terminated the lease agreement with Fosen Werft GmbH. According to Mayor Alexander Badrow (CDU), there are substantial unpaid rents. "There are significant open debts," he stated at a press conference on Thursday evening.

Fosen had failed, despite its best efforts, to bring the anticipated number of ship and steel construction projects to Stralsund or to create the required number of jobs. The company currently employs 30 to 35 people, Badrow explained.

Insolvency was filed for the Norwegian Fosen Yard AS in February. It was stated at that time that Fosen Stralsund was not affected by the insolvency.

The Hall's Use for Projects

Following MV Werften's insolvency in 2023, the city took over the shipyard area in Stralsund and established a maritime industrial and commercial park with around 20 companies. According to Badrow, around 500 people work there.

"This is the city's goal for the site: to prevent the entire location from being under strain in case of issues with a company by diversifying," Badrow said.

Strela Shiprepair, as per a company representative, intends to use the hall for specific projects. Other companies are also said to be interested in this type of use.

The cancellation of Fosen Werft GmbH's lease agreement for the large shipbuilding hall led to their bankruptcy, affecting the renovation of the sailing school ship "Greif". Strela Shiprepair Yard, showing interest, aims to expand their business in the Maritime Industrial and Commercial Park, potentially taking over the shipbuilding hall's use for specific projects.

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