Emden shipyard Fosen Yard files for bankruptcy

EMDEN Fosen Yard is part of the Norwegian Fosen Group. The Norwegian shipbuilder took over the shipyard after filing for bankruptcy in 2019. Fosen Yard in Emden made a name for itself last year building oversized components for deep sea salmon farms. Most recently, an order for the construction of six new cargo ships should bring new impetus to shipbuilding at the Emden site. According to earlier information, the construction of the ships should start this spring – why it didn’t happen now remained open on Wednesday. Representatives from Fosen Yard in Emden were initially unavailable.