German shipyard Flensburger Schiffbau-Gesellschaft (FSG) has reiterated its determination to secure fresh orders after its new owner completed its takeover.
Tennor Holdings, controlled by financial investor Lars Windhorst, took formal control on 1 September.
It has retained 350 of 650 staff.
"In order to continue the restructuring process started in the insolvency proceedings, the new managing directors Stefan Kindler and Tarek Malak, who were seconded by Tennor Holding, will further build up the organisation," FSG said.
