Germany Finalizes Bailout Deal for Meyer Werft, Supplier for Disney Cruise Line

Sep 6, 2024, 05:20 AM

Germany has hammered out a bailout deal that offers a potential lifeline for Meyer Werft GmbH, a struggling shipbuilder. The privately-held company, which recently secured a follow-on contract to supply vessels for Disney Cruise Line's fleet, will receive financial support from the German government. This move aims to stabilize Meyer Werft's operations and ensure the continuation of its shipbuilding projects.