seatec - Finnish marine technology review 2/2010 | Page 43

Photo: W.D.R. ern countries. It was also one of the first shipping segments affected by the global economic crisis in 2008/09. Sietas Group – which had recorded a loss already for the 2007 fiscal year – was rammed very severely by the downturn, and only a thorough redevelopment and realignment concept, launched early last year, succeeded to secure the shipyard’s viability. A new Managing Board comprising Rüdiger Fuchs – a former Airbus manager – and Rüdiger Wolf took office on 01 March 2009, and within few months the entire enterprise underwent deep restructuring: The product portfolio was reshuffled with a new focus on special-purpose ships rather than container vessels, costs were drastically cut and the production changed to an industrial concept facilitating shorter processing times, higher productivity and reduced inventories. A key objective was the reduction of construction times from 13 to ten months through the implementation of latest industrial concepts allowing efficient workflow management and sequential control. “We want to bring back the lifeblood of the Sietas shipyard which is a jewel in the maritime crown of Germany,” Rüdiger Fuchs and Rüdiger Wolf promised when taking office, “we believe that we will have steered our way into calmer waters by 2011.” CONTRACTS FOR SPECIAL-PURPOSE SHIPS Sietas’ new management quickly came on a good course for fulfilling this ambitious goal. The main focus was set on the acquisition of new contracts for specialpurpose ships requiring particular technical expertise and innovativeness, such as RoRo-vessels and ferries, offshore vessels, heavylift-vessels or dredgers. Already in April 2009, Sietas obtained the important contract for the M/V “Uthlande”. Another order from the ferry segment followed a few months later: seatec 2/2010 41