The global investment company Tennor Holding BV has become the sole owner of the German shipyard Flensburger Schiffbau-Gesellschaft mbH & Co. KG. (FSG) This follows the successful acquisition of all remaining shares in FSG from the former owners, Siem Europe Sarl.
In February 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 built at the yard, which has included the construction of eight large RoRo vessels. Siem Europe said it would continue to work closely with Tennor alongside other FSG customers and suppliers to ensure the long-term growth and prosperity of the business.
Meanwhile, the seventh RoRo vessel was handed over from FSG to Siem. The 209.79m-long, 26m-wide ferry is called Leevsten. The 32,887gt vessel is powered by two MAN 8L48/60CR main engines. The eighth vessel for Siem will be launched at the end of October.