Shipbuilding is to live on in the German port of Wismar following Thyssenkrupp Marine Systems (TKMS)’s purchase of Genting Hong Kong’s largest shipyard.
Part of the MV Werften group that collapsed along with Genting in January, the Wismar yard’s future activities will look a lot different from its most recent foray into cruise ship building, the new owners said.
“The main impetus for this is an order for more submarines from the German government,” TKMS announced on Friday.
