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14 April 2024

UAE firm eyes ThyssenKrupp shipping unit

By Reuters

Germany's ThyssenKrupp will seek to complete its exit from civilian shipbuilding by selling remaining activities to Abu Dhabi MAR, weekly Der Spiegel reported in a story being published today.

In pre-release abstracts of the article, Der Spiegel also said it was an open question as to whether the company would also seek to sell its naval construction business.

A spokeswoman for ThyssenKrupp said talks on a range of issues were continuing with Abu Dhabi MAR, but declined to comment on what she described as "speculation" by the Spiegel story. A downturn in shipbuilding during the slump has focused German firms' attention away from container ships and onto niche markets such as megayachts and cruise ships.


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