A.P. Moeller to close Lindoe Yard
The A.P. Moeller-Maersk Odense Steel - better known as the Shipyard Lindoe Yard - is to close when the last order is delivered in 2012. Lindoe Yard is Denmark's main yard for newbuildings. 2.500 jobs will be lost.
"Regardless of the major efforts to improve the competitiveness at Odense Steel Shipyard with investments in new technology and streamlining of the production, the shipyard has run up very considerable annual deficits and must today realise that it is impossible to attract orders, which are commercially sound," A.P.Moeller-Maersk says in an announcement.
At the same time, A.P.Moeller-Maersk says that it has put a Lithuanian yard up for sale.
"With the discontinuation of the shipbuilding activities at Odense Steel Shipyard, there is no longer a need for ownership of the Lithuanian shipyard, Baltija Shipyard".
The company is to be put up for sale, as well as the design and engineering company UAB Baltic Engineering Centre in Lithuania.
Source: politiken.dk
