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Americraft Marine, one of the maritime subsidiaries of Libra Group that owns and operates a Jones Act ship building facility in Palatka, Florida, has...

Americraft Marine, one of the maritime subsidiaries of Libra Group that owns and operates a Jones Act ship building facility in Palatka, Florida, has announced the appointment of Peter Fetten as Chairman of Americraft....

KUALA LUMPUR (Feb 23): Cruise ship operator Genting Hong Kong Ltd (Genting HK) and its associate, MV Werften, are in talks with the German federal and state government for the release of additional rescue funds worth US$600 million (RM2.43 billion) to keep the financially troubled shipyard group afloat. Maritime and marine news portal The Maritime Executive reported yesterday MV Werften highlighted that the negotiations for a rescue package included maintaining the current cruise ship construction projects at the three eastern shipyards and reducing its workforce. It added that meanwhile, the...

Germany: MV Werften to cut 1,200 shipyard jobs In a two-minute video, the CEO of MV Werften (shipyards), Peter Fetten, informed the workforces of the three shipyards in Wismar, Warnemünde and Stralsund that more than a third of the 3,000 jobs are to fall victim to a “restructuring programme.” Around 1,200 jobs are at risk—a bitter blow for the workforces, as the shipyard industry is one of the most important employers in the region. MV Werften GmbH' shipyards in Rostock, Mecklenburg-Western Pomerania (Credit: Sebastian Krauleidis via Wikimedia Commons) The future of the remaining workf...