Restructuring German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has seen its orderbook cut to one vessel as it revealed it is in talks to sell its business.
London-listed Irish Continental Group (ICG), which owns Irish Ferries, said on Thursday that it had cancelled its contract for a 67,300-gt ropax due in September.
It blamed this on the yard filing for self-administration at the Flensburg District Court in April.
