After virtually 400 years of operation, the Sietas shipyard web site in Hamburg is up for public sale. Will the cash then achieve Russia?
November 12, 2025 8:28 p.m
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Finish of an technology: Germany’s oldest shipyard Pella Sietas is up for public sale. In Russian fingers since 2014, however nonetheless bankrupt in 2021. events reminiscent of Airbus, Lais and town of Hamburg are able, however the Sberbank loan reasons headaches. Who will finally end up getting the contract and the way the tens of millions might be dispensed stays thrilling. A bankruptcy stuffed with contradictions and political entanglements.
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Aerial view of the standard Hamburg shipyard Pella Sietas © image alliance/dpa/Netbid
The overall bankruptcy within the lengthy historical past of the Pella Sietas shipyard starts on Thursday, November 13, at 10 a.m., and then the web site of Germany’s oldest shipyard might be auctioned on the Hamburg-Harburg District Court docket.
“I don’t know who will bid,” says Achim Ahrendt. The legal professional is a chapter trustee and has been coping with the liquidation of shipyards for 4 years. He isn’t concerned within the foreclosures public sale, however he desires to be there within the A three.03 assembly room to pay attention. Ahrent desires to grasp which firms are bidding for the roughly 14-hectare assets and what sort of they’re keen to pay for it.
