Green Yard takes over Norway’s bankrupt Kleven Verft

   July 17, 2020 ,   Cruise Industry

Norwegian ship recycling company Green Yard AS (Feda, Norway) takes over the Kleven Verft shipyard (Ulsteinvik, Hareidlandet Island, Norway) that recently filed for bankruptcy. Green Yard AS entered an agreement with the involved banks and the Norwegian bankruptcy authorities to acquire the shipyard.

Earlier in July 2020, Kleven Verft and its subsidiary companies Kleven Maritime Technology and Kleven Maritime Contracting filed for bankruptcy.

The company filed for bankruptcy following a loan agreement that was cancelled by 3 creditors. In January 2020, DIV Group (Croatia) purchased Kleven Verft from the Norwegian cruiseferry company Hurtigruten.

Port of Ulsteinvik (Hareidlandet Island, Norway)

In a press release, Kleven said that the core competence was preserved and Green Yard Kleven would also in the future be one of Norway's most renowned shipyards.

Green Yard AS intends to expand the business areas in order to ensure a stable supply of work, along with the current work of maintenance and shipbuilding.