Kleven Files for Bankruptcy

Kleven Vertf

Kleven Verft in Norway has filed for bankruptcy protection today, according to Norwegian press reports.

The shipyard, which also ran into financial difficulties two years ago, was then taken over by Hurtigruten, which in turn transferred ownership the Croatian DIV Group this past January.

Kleven recently completed the Roald Amundsen and Fridtjof Nansen expedition vessels for Hurtigruten.

Its previous difficulties were linked the downturn in the offshore industry.

According to Norwegian media, the yard’s lenders cancelled credit agreements in June and froze the company’s bank accounts. The CEO and vice president of finance reportedly resigned in June.

The Div Group also owns the Brodosplit shipyard and has previously expressed hopes that the two yards together would offer economies of scale and lower the cost of production and financing.

Cruise Industry News Email Alerts

 

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

113 Ships | 237,024 Berths | $65 Billion | View

New 2020 Luxury Report

Cruise Industry News Luxury Report

Highlights:

Full Insight

All Operators

Data Sets

Trends

140 Page PDF

Expedition Cruise Report

Cruise Industry News Luxury Report

Highlights:

Booming Market

200 Pages

Full Intelligence

Capacity Metrics

2020-2027

All Players

Full Coverage