Crist Shipyard secures liquidity using the solutions provided for in “Shield 4.0”

The management board of the Crist shipyard decided to implement a simplified restructuring procedure, introduced into the legal order in the so-called “Shield 4.0”. This is a temporary solution, because the simplified restructuring can be used until June 30, 2021. This action is to ensure the liquidity of the company and all its counterparties in the best possible way.

Crist Shipyard is holding talks on the construction of three powerful jackups for foreign customers. The jackups are units for the installation of offshore wind turbines, with a capacity of 12-14 MW.