Balearia is prepared to wait for La Naval’s resurrection
Deia writes that Balearia did not cancel the contract with LaNaval for a 1+1 newbuilding order, after the yard went bankrupt. The order is now frozen pending talks with investors.
The ‘Construcciones Navales del Norte shipyard’, known as ‘La Naval,’ has asked the commercial court for protection against its creditors. It has accumulated €80 million losses in 2015 and 2016.
The management said to the staff that the intention is to find a solution to the financial crisis the yard finds itself in.
In July it was reported that the two largest shareholders would abandon their shares, in favour of Manuel del Dago, one of the other shareholders. So far this did not materialize and now the century-old yard is for sale.
Three dredgers and one LNG ferry for Balearia are under construction, or on (firm) order.
Last year, La Naval delivered the Dutch CNG-powered ferry TEXELSTROOM.
