Builder of Kenya ferries broke

Moby-Dick at 08h50
14
Jan
2011
Builder of Kenya ferries broke

The German ship builder that supplied Kenya with two new ferries is facing financial problems, with the deal being cited as the main cause of its imminent insolvency.

Dresden Laubegast, according to information posted on its website, has begun the journey to insolvency through the normal court procedure.

Provisional liquidator Franz-Ludwig Danko and Dresden legal representative Frankfurt Kubler said the firm’s employees now

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14/01/2011 at 08h50 by "Moby-Dick"