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Global Financial Crisis Sinks ThyssenKrupp Marine Systems

Mar 12 2009

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The consequences of the global financial and economic crises have now reached ThyssenKrupp Marine Systems.

The yard has been informed by the client that the banks are not going to finance the construction of six 3,400 TEU class container ships so that, from today's point of view, the ships will not be accepted as previously agreed.

Against this background, the work on the container ships with Yard Nos. 420 and 421 at HDW-Gaarden in Kiel and Yard Nos. 560 and 561 at TKMS Blohm + Voss Nordseewerke will be stopped immediately.

At present, the effect on the overall employment situation at the yards in Kiel and Emden is being discussed taking this situation and the other current orders and projects into consideration.

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