The ship-building group Wadan Yards belonging to group of the Russian businessmen, obtained the credit from the federal government of Germany for the sum of 180 million euros.
Despite the heaviest position of the German shipyards, Wadan Yards while the only shipbuilding company which managed to raise funds of the German government.
The ship-building group Wadan Yards is created in July, 2008 as a result of the transaction on acquisition by group of the Russian investors of part of assets of Aker Yards shipbuilding company. Three shipyards were a part of the transaction - two in Germany (Wismar and Varnemyunde) and one in Ukraine (Nikolaev plant "Okean") and also two design - bureau and two engineering centers. Today 70% of shares of the company of Wadan Yards belong to the Russian businessmen, and 30% - to the Korean concern STX.
The target credit of 180 million euros for a vessel construction is allocated by Wadan Yards within the program of the government of Germany "Umbrella" directed on support of the German enterprises in a situation of an economic crisis. KFW IPEX-Bank Gmbh and Deutsche Bank AG acted as financing banks. The effective rate on the credit makes 7,85% per annum. Before, in January, 2009, Wadan Yards obtained as prefinancing one more credit to the amount of 60 million euros from the government of the State of Mecklenburg - Forward Pomerania in which territory there are German shipyards of ship-building group.
The Russian and German shipbuilding experiences today considerable difficulties. In especially difficult situation market of container carriers. If in the recent past from orders there was no release, now in Germany orders for 29 vessels are cancelled. Bankruptcy already declared three German shipyards. The situation Wadan Yards looks quite steady. Demand for traditional container carriers fell in a situation when, the Russian owners of shipyards were guided by construction of specialized courts, including vessels of an ice class for work in the Arctic widths and gas carriers for LNG transportation. Shipyards of Wadan Yards are provided with orders until the end of 2010.
"Today Wadan Yards - the only shipbuilding company in Germany which managed to attract the loan from the German government on support of a production activity and liquidity of the shipyards, - were told by the chairman of the board of directors of group Andrey Burlakov. - It testifies that the government believed us. We proved that the Russian businessmen are capable to use not simply the capacity of the German shipyards which are considered as one of the best in Europe, but also to develop it in interests of shipbuilding of both countries - both Germany, and Russia".
Involuntarily you ask a question, it will be probably better from this transaction and Nikolaev ship-building завлду "Ocean"?