Meyer Werft sets up offshore business to handle $2.8bn converter orderbook

AI Summary

German shipbuilding group Meyer Werft is creating Neptun Offshore to consolidate its offshore converter-platform activities. The new business will also hold the group’s 50% stake in a joint venture with Belgian steel specialist Smulders, as the group manages a $2.8 billion orderbook.

German shipbuilding group Meyer Werft is setting up a dedicated offshore business to manage its growing involvement in North Sea converter platform construction. The new company, Neptun Offshore, will bring together the group’s offshore converter activities and hold its 50% stake in Neptun Smulders Offshore Renewables (NSORe), a joint venture with Belgian steel construction specialist …