Lindø puts Loksa Shipyard up for sale

As part of the ongoing efficiency drive, Odense Steel Shipyard Ltd. A/S (Lindø) has put Loksa Shipyard Ltd. in Estonia up for sale.

Loksa Shipyard Ltd. became part of the Odense Steel Shipyard Group in 1994 and is now one of the world’s leading manufacturers of hatch covers. In addition, Loksa Shipyard produces steel structures and components.

The ownership of Loksa Shipyard Ltd. will not be necessary for the expected future production at Lindø and a sale will give Lindø the opportunity to focus fully on shipbuilding and enhancing productivity.

“It is no secret that we are in a difficult situation. Therefore, we continue to work hard on strengthening the Yard’s productivity and competitiveness. Selling Loksa Shipyard will give us the opportunity to concentrate on shipbuilding at Lindø and develop our subsidiary shipyard Baltija Shipbuilding Yard in Lithuania that builds superstructures and steel blocks for Lindø,” says Finn Buus Nielsen, Managing Director, Odense Steel Shipyard Ltd. A/S.

A sale of Loksa Shipyard Ltd. will not have any consequences for the building programme at Lindø, neither for existing nor future orders.

DEL