German shipbuilder Meyer Werft has secured a shipbuilding order worth €10 billion ($11.7 billion) from MSC Cruises, a deal that will keep the Papenburg-based yard fully occupied for more than a decade.
Germany’s Economy Minister Katherina Reiche confirmed that the agreement covers shipbuilding projects running through 2033, with two additional optional projects extending to 2035. She added that MSC Cruises has emerged as a strong long-term partner for the shipyard.
According to a separate statement from the Economy Ministry, the agreement is expected to involve the construction of between four and six cruise ships.
The work will fully utilise Meyer Werft’s production capacity at its Papenburg yard in northern Germany, close to the Dutch border, until 2035.
The order follows the state rescue of Meyer Werft last year, after the company came close to bankruptcy. The German federal government and the state of Lower Saxony each acquired a 40% stake in the shipbuilder, investing a
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