Reborn German shipyard Flensburger Schiffbau-Gesellschaft (FSG) has confirmed its first new order since it was bought out of insolvency this year.
The company said new FSG owner Lars Windhorst's IVP Ship Invest has firmed up a €140m ($168m) deal for a 4,007-lane-metre ro-ro and an option for a second.
Delivery of the first 210-metre, 32,770-gt unit is set for April 2022.
Windhorst is the founder of Tennor Holding, which acquired FSG in September.
"This order is an important building block for the future of the Flensburg shipyard," FSG chief executive Philipp Maracke said.
Construction is scheduled to start in December. Earlier this year, Windhorst had indicated he was planning a ro-ro order.
Work for 360 staff
"With the implementation of the order, we are proving FSG's ability to act," Maracke said.
"I know how much our 360 employees are looking forward to finally being able to develop and build highly efficient vessels again. Lars Windhorst has thus kept his promise to support FSG in a difficult situation."
The yard is promising unmatched low fuel consumption from the design.
Earlier this month, Maracke said FSG was also considering which ship types would allow it to operate "economically successfully" in the market.
FSG applied for self-administration in April after experiencing delays to its orders.
The shipyard was placed in debtor-in-possession management under the oversight of an insolvency monitor.
FSG has focused on ro-ro and ropax construction in recent years.
