Monday, March 17, 2008

Naming and launching of Flensburger Newbuilding No. 736

The naming and launching ceremony of a new 3,735-metre lane Ro-Ro freight ferry took place in Flensburg.

She is the eleventh of fourteen Ro-Ro vessels, which the longstanding Turkish customer U.N. Ro-Ro has ordered with Flensburger. U.N. Ro-Ro is now in ownership of the private investor KKR (New York), who took over the shipping company U.N Ro-Ro in 2007 for approximately EUR910 million (US$1.4 million). The vessel will be christened 'Un Akdeniz' and then launched. The first ship of the series had the same name. She and the second vessel 'Un Karadeniz' have in the meantime been sold to Norfolk Line, a subsidiary of the Maersk Group. At present, Flensburger has 20 vessels in the order book, representing a value of EUR1.2 billion (US$1.8 billion). This makes Flensburger the German yard with the longest capacity utilization. The last vessel is to be delivered in the first quarter of 2013. Since December 1998, Flensburger-Schiffbau-Gesellschaft KG has succeeded in acquiring nearly all significant newbuilding-contracts for major Ro-Ro-ferries. This represents a total number of 47 ships and makes Flensburger one of the world market-leaders in this product segment.

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