Zhenhua Port Machinery considers buying German shipbuilder, JJ Sietas
CHINA's port equipment manufacturer Zhenhua Port Machinery Co (ZPMC) has indicated it may acquire German shipbuilder, JJ Sietas Schiffswerft (Sietas Shipyard) that was founded in 1635 at Hamburg.
The shipyard has built hundreds of small and mid-sized merchant ships. From the mid-1960s until 2009, Sietas was a prolific builder of containerships of up to 1,850 TEU, reports Alphaliner.
After the delivery of its last containerships in 2009, the 1,421-TEU Elysee for Dutch owner JR Shipping, the company re-focused on building offshore vessels, dredgers and small ferries. Even after its bankruptcy in November 2011, the yard continued to build vessels with a reduced staff and under the management of its liquidators.
The last remaining ship under construction at Sietas is the wind turbine installation vessel Aeolus for Dutch owner Van Oord.
ZPMC's interest in Sietas is reportedly on its ship design capabilities, although, the Chinese crane manufacturer's primary interest may be in NMF's product and sales portfolio of ship cranes, which is no longer part of the group.
CHINA's port equipment manufacturer Zhenhua Port Machinery Co (ZPMC) has indicated it may acquire German shipbuilder, JJ Sietas Schiffswerft (Sietas Shipyard) that was founded in 1635 at Hamburg.
The shipyard has built hundreds of small and mid-sized merchant ships. From the mid-1960s until 2009, Sietas was a prolific builder of containerships of up to 1,850 TEU, reports Alphaliner.
After the delivery of its last containerships in 2009, the 1,421-TEU Elysee for Dutch owner JR Shipping, the company re-focused on building offshore vessels, dredgers and small ferries. Even after its bankruptcy in November 2011, the yard continued to build vessels with a reduced staff and under the management of its liquidators.
The last remaining ship under construction at Sietas is the wind turbine installation vessel Aeolus for Dutch owner Van Oord.
ZPMC's interest in Sietas is reportedly on its ship design capabilities, although, the Chinese crane manufacturer's primary interest may be in NMF's product and sales portfolio of ship cranes, which is no longer part of the group.