Restructured German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has brought in a new chief executive to re-examine its business model and the types of ships it builds.
Philipp Maracke starts at the yard on 2 November, with a brief to return it to profitable operations.
The yard was acquired by Tennor Holding in September following an insolvency process.
FSG said Maracke, 40, is an "experienced expert" who has held various management positions in the maritime industry, most recently as a manager at German Naval Yards Kiel.
"In the course of its long history, FSG has repeatedly proven itself to be a pioneer in innovative shipbuilding and thus possesses great technical know-how," said the new CEO.
"I want to build on this foundation and, together with the strong, motivated team, create something new."
Maracke added that an important first step will be to analyse which ship types will allow the shipyard to operate "economically successfully" in the market.
The yard has been contacted for further information.
Important building block
"We are pleased to have found in Philipp Maracke a competent expert for FSG, someone who is very well networked in the industry," said Stefan Kindler, a member of the management board of Tennor Holding.
"This is an important building block for shaping the future of the shipyard."
Last month, FSG reiterated its determination to secure fresh orders after its new owner completed its takeover.
Tennor, controlled by financial investor Lars Windhorst, took formal control on 1 September.
The owner has retained 350 of 650 staff and has said merchant and navy contracts are being considered.
Windhorst has also indicated he would build two ro-ros at the yard.
An FSG spokesman told TradeWinds the yard remains true to its core segment of ferries, because it has "outstanding know-how in this area".
"Together with Tennor, we are working on the business plan, as reported," he added.
FSG applied for self-administration in April after experiencing delays to its orders.
The yard was placed in debtor-in-possession management under the oversight of an insolvency monitor.
FSG has in recent years focused on ro-ro and ropax construction,
