Germany’s Lloyd Werft shipyard in Bremerhaven has been sold to two German companies that in partnership will acquire and operate the yard after an intense bidding process between the two companies and a third bidder from the Middle East, the yacht company Al Seer Marine from the United Arab Emirates. The shipyard filed for insolvency in January 2022 and cited financial complications with the Genting Group that owned both MV Werften and Lloyd Werft. Heinrich Rönner Group is active in the shipbuilding and yacht businesses as well as hydraulic steelwork, heavy steel construction, and bridge construction. Zech Group focuses on three businesses in construction, real estate, and hotels. The two German companies combined to make the winning offer. German media is reporting that the final bid was between €20 and €30 million for the yard and its real estate.
With its heritage stretching back to 1857, Lloyd Werft is one of the oldest shipyards in operation. In recent years, the shipyard focused on overhauls and refits, including one of the leading yards working with cruise ships, and developed a business in the construction of luxury yachts.