In the wake of the continued difficulties at its Odense Steel Shipyard Ltd. A/S (Lindø) A.P.Møller-Mærsk is now putting the Baltic Loksa Shipyard which was acquired in 1994 up for sale.
»It is no secret that we are in a difficult situation. Therefore, we continue to work hard on strengthening the Yard’s productivity and competitiveness. Selling Loksa Shipyard will give us the opportunity to concentrate on shipbuilding at Lindø and develop our subsidiary shipyard Baltija Shipbuilding Yard in Lithuania that builds superstructures and steel blocks for Lindø,« said Finn Buus Nielsen, managing director at Odense Steel Shipyard.
He assures that a sale of the yard will not affect the shipbuilding planned at the Lindø shipyard. Other parts of the shipyard have also been sold in order to save the core business of the shipyard.
Loksa Shipyard is located in Estonia. It produces steel structures and components for the ships under construction at the Odense Steel Shipyard. Danske Bank acts as Lindø’s financial advisor in the sales process.
»It is no secret that we are in a difficult situation. Therefore, we continue to work hard on strengthening the Yard’s productivity and competitiveness. Selling Loksa Shipyard will give us the opportunity to concentrate on shipbuilding at Lindø and develop our subsidiary shipyard Baltija Shipbuilding Yard in Lithuania that builds superstructures and steel blocks for Lindø,« said Finn Buus Nielsen, managing director at Odense Steel Shipyard.
He assures that a sale of the yard will not affect the shipbuilding planned at the Lindø shipyard. Other parts of the shipyard have also been sold in order to save the core business of the shipyard.
Loksa Shipyard is located in Estonia. It produces steel structures and components for the ships under construction at the Odense Steel Shipyard. Danske Bank acts as Lindø’s financial advisor in the sales process.
