This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Digital technology is prevalent in hospitals program manager of Robotics at Rijnstate Hospital a 700-bed teaching facility in the eastern Netherlands Papenburg noted that very few procedures or care measures performed in a hospital setting do not require digital technology from patient records and monitoring to diagnostics and treatment there is "regular" digital technology that is standard of care and "new" transformative digital technology that can be employed to stimulate the transformation that is needed in hospital care Papenburg will be a co-presenter along with Laura Kooij, manager innovation, at a session entitled, "Digital Health Transformation in Hospitals: Opportunities, Challenges and Lessons Learned," at HIMSS25 in March in Las Vegas Papenburg provided MobiHealthNews with a glimpse of what she'll discuss including the challenges of implementing digital technologies in a hospital setting MobiHealthNews: What are some of the key elements in successful implementation and adoption of digital health technologies Bernke Papenburg: If you want to implement digital technology into a process you must consider the process as a whole from the beginning You have to start with the "why." Why do you want to transform or change a procedure or a process you need to take along all the stakeholders That includes healthcare professionals and the hospital organization – and you have to identify the "how" and the "what." Determine what needs to change and how the technology can support those changes Don’t start with technology and see how you can implement it identify the technology that can actually support that transformation It is crucial to look at the whole process – not simply replacing old technology with new technology or just adding a new functionality You must look at how you can truly make maximum use of the technology in the process and simultaneously look at how to adapt the process itself to fully leverage the technology You should not be working around the technology to make it work; it should assist you in your work The goal is to create an interaction between the process rather than forcing workarounds to make the technology fit MHN: What are some challenges with successfully implementing digital health technology in a hospital setting together you must first analyze the existing processes and determine how the technology can be seamlessly merged into them Financial considerations also play an important role as well MHN: What's on the horizon regarding digital health for hospitals Papenburg: We are living in interesting times AI and generative AI have the potential to really make a difference; however their success depends on how well they find their way into the healthcare processes If you take AI and keep it separate from what we generally do The aim should be to incorporate AI into processes It can be challenging to implement this transformative technology into healthcare workflows it won't solve every problem or perform every task My coworker and I can do things differently while my coworker prefers another approach Starting to use generative AI thinking that it can do everything you do when you are aware of its limitations and pitfalls – and acknowledge those when you start to use generative AI – it can be a powerful tool to support you in your work The focus should be on working together as people and technology to become more efficient and improve outcomes MHN: How much of an issue is cybersecurity Papenburg: Cybersecurity is a huge concern where strict regulations continue to evolve While these regulations can sometimes make innovation more challenging we do believe cybersecurity is very important as you don't want the hospitals to be shut down due to hackers getting access to your organization it is a fine balance between enabling these new technologies while securing the safety of your organizational systems and your patients That is why all stakeholders should be included in the implementation process to ensure new technologies are adopted safely and effectively while leveraging these new technologies to support the strongly needed transformation in healthcare "Digital Health Transformation in Hospitals: Opportunities Challenges and Lessons Learned," is scheduled for Tuesday March 4 at 3:45 p.m © 2025 MobiHealthNews is a publication of HIMSS Media The latest news in digital health delivered daily to your inbox it was already going faster than any factory stock Corvette in history “He was doing 222 miles per hour in the banking,” says Chris Barber the all-new ZR1 had already beaten the Corvette top-speed record by 10 mph But the 1,064-horsepower machine had more to give Coming off the banked curve and onto the 2.5-mile straightaway on the test track in Papenburg the ZR1—with General Motors President Mark Reuss behind the wheel—hit a top speed of 233 mph the ZR1 became the fastest car ever built by an American auto manufacturer the fastest current production car priced under $1 million and the fastest factory-stock Corvette on earth “This car actually overachieved,” Barber says We actually didn’t think 233 was in the cards When development began on the C8-generation Corvette engineers set a target top speed of 220 mph for the ZR1 on the track twin-turbo LT7 V8 blew past the team’s lofty horsepower goals So they pushed the top-speed objective to 230 mph The Corvette engineering team chose ATP Automotive Testing Papenburg ATP’s high-speed oval track is shaped like a paper clip Driving around these bends at 150 mph feels exactly like driving on straight flat pavement—the tilt of the road counteracts the g-force that would otherwise try to claw you out of your seat reaching over 230 mph on a one-way practice run (Official top-speed records take the average of two runs in opposite directions to account for wind.) “Going into the banking was the most intense part,” he says “That feeling is unlike anything I’ve ever experienced It just pushes you so hard into the ground they don’t come close to 50-degree banking Almost nobody gets to experience something like that.” As for the straightaway blast past 230 mph “The car feels stable so that it doesn’t present as that big of an event,” Barber said The ZR1 that set the speed record was 100-percent factory stock and stock-fitment Michelin Pilot Sport 4S tires on aluminum wheels “It just feels like you’re going pretty fast on the highway,” says Barber That approachability proved to be an asset for Reuss along with GM senior vice president Ken Morris Reuss hit 233 mph on two runs in opposite directions setting a top speed that even the Corvette lead development engineer wasn’t expecting “We actually didn’t think 233 was in the cards,” Barber says “That’s part of the reason everyone was so excited It speaks to the confidence the car provides how easy it felt for us to do something that sounds just insane.” Reuss was hardly out of the car before the team gave him the official top speed the excitement level was crazy,” Barber says Having Mark Reuss there as the driver just added to it but to have Mark be so involved speaks to the importance of what this means Coming off the banked curve and onto the 2.5-mile straightaway on the test track in Papenburg, Germany, the driver put his foot to the floor. Seconds later, the ZR1—with General Motors President Mark Reuss behind the wheel—hit a top speed of 233 mph Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. which plans to cut 340 jobs in the coming years leaving it with a workforce of at least 3,100.($1 = 0.8982 euros)Additional reporting by Petra Wischgoll in Cologne; Writing by Rachel More; Editing by Miranda Murray and David Holmes Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved German steelmaker Salzgitter AG could soon be acquired by the construction and waste management group Papenburg and ferrous scrap recycler TSR In an ad-hoc announcement released on 4 November the publicly-listed steel producer said it had been notified that Papenburg and Remondis subsidiary TSR were considering making a voluntary public takeover offer to Salzgitter shareholders It added it had not yet been informed about the range of the potential offer price The potential offer would be conditional on the consortium obtaining a stakeholding of at least 45 per cent plus one share including the 25.1 per cent stake already owned by Papenburg Hannover-based group GP Günter Papenburg AG is already the second-largest shareholder in Salzgitter AG and holds a blocking minority The state of Lower Saxony also holds a blocking minority with its stake of 26.5 per cent in Salzgitter AG When Papenburg’s shareholding first exceeded the threshold of 25 per cent of voting rights in Salzgitter AG in May 2022 the waste firm denied it had any plans to significantly increase its stake Papenburg had stressed its long-term strategic interest in the steel producer Papenburg said the transformation process launched by Salzgitter offered great opportunities Salzgitter aims to decarbonise its production process As part of its "Salcos” ("Salzgitter Low CO2 Steelmaking”) programme the group plans to completely transition its integrated steel mill in the city of Salzgitter to low-CO2 crude steel production by 2033 As part of this transformation, it is installing direct reduction facilities running on hydrogen and electric arc furnace (EAF) mills, which will successively replace the blast furnaces and converters. The company also plans to build a new large-scale shredder Ferrous scrap will consequently become a much more important raw material for the steelmaking process which also explains why TSR is interested in acquiring a stake in Salzgitter AG The Remondis subsidiary is the largest metals recycler in Germany and has recently ramped up its capacity expansion investments TSR started up a new processing facility with a throughput capacity of 450,000 tonnes per year in Duisburg in northwestern Germany can significantly reduce CO2 emissions when used as feedstock in steel production Remondis opened a second TSR40 plant in Amsterdam It is currently building two more TSR40 facilities in Hamburg and Magdeburg which are slated to start up in 2025 and 2026 Remondis has also recently expanded its footprint in the non-ferrous metal recycling segment TSR has acquired the non-ferrous foundry Siegfried Jost GmbH & Co a 100-year-old firm headquartered in Menden in northwestern Germany operates an electric smelter and specialises in the production of copper-based alloys It also trades in non-ferrous metals and processes production residues The acquisition of an electric smelter would complement the group’s recycling and trading expertise "We are expanding our portfolio with extensive know-how about the smelting process and the production of copper alloys from recycled raw materials We are thus in a position to even more efficiently close loops enabling resources to be optimally used and reused.” The copper alloys produced by Jost are mainly used in the sanitary and glass industries The company also processes production residues such as bottom ash these are transformed into high-value alloys such as brass Salzgitter’s stake in Hamburg-based copper producer Aurubis AG is therefore also likely of strategic interest for TSR and the Remondis group The steelmaker is currently the largest single shareholder in Aurubis There has recently been a lot of stock market speculation about a possible takeover of Aurubis AG. Dirk Rossmann, founder of the eponymous German drugstore chain, increased his shareholding in Aurubis to 15 per cent in October investment bank Goldman Sachs acquired more than 10 per cent of the shares in the Hamburg-based group Customer Service+49 7224 9397-701 servicenoSpam@GO-AWAYeuwid.de Editorial Team+49 7224 9397-0 recyclingnoSpam@GO-AWAYeuwid.com Get the latest news about developments and trends in the industry sent to you once a week free of charge by newsletter Sign up for our newsletter We use cookies and external services on our website others enhance your user experience or help us improve this website You can change your privacy settings any time by clicking privacy policy Necessary cookies are required for the correct functioning of the website Content from video and social media platforms is blocked by default. If access to these services is accepted, separate consent is no longer required when using them. You can find more information on the individual external services in our privacy policy The yard which has a long heritage in the cruise ship sector was acquired in 2014 by Germany’s Meyer family which was best known for Meyer Werft in Papenburg The family reports it has invested over €300 million in the development of the shipyard after acquiring it from STX They highlight that it delivered at least one large cruise ship a year during the decade working with customers TUI’s Mein Schiff Tim Meyer took over as CEO in 2020 after being a managing director at the Papenburg yard since 2016 He replaced his brother Jan Meyer who had been CEO of Meyer Turku for two years since 2014 The company highlighted recently that Tim Meyer had been successful in returning the shipyard to profitability He cited efforts to develop the organization implement a new enterprise resource planning system Revenues are reported to have grown from €500 million to €2 billion The pandemic placed a strain on the operations but both the yards in Turku and Papenburg were able to retain their orders Papenburg however required a financial bailout from the German government last year and as part of the deal the Meyer family ceded ownership of the yard but it still retains 100 percent ownership of Turku Tim Meyer said in the press release he would be focusing on the development and strategies of the shipyard and the family’s other businesses Jan Meyer had shifted to a business development role at Papenburg while their father Bernard Meyer has stepped down from the management of both shipyards we have found an exceptional leader with years of experience from various industries such as construction,” said board chairman Eskola “I already have experience from successfully working together with him in a company majority owned by a family.” Lindholm will assume his new role in May after departing Cargotec, which today focuses on heavy road equipment after a series of transactions Kalmar the manufacturer of cranes and heavy cargo handling equipment was spun-off and in late 2024 it agreed to sell MacGregor a leader in maritime cargo and load handling Previously Lindholm was president and CEO of Eltel Group He takes the leadership of Meyer Turku as the yard is focused on building the world’s largest cruise ships for Royal Caribbean International it started the propulsion plant on Star of the Seas ahead of planned sea trials and delivery ahead of its entry into service during the summer The first blocks were set in the dry dock last October for the next 250,000 gross ton cruise ship which will be Legend of the Seas and due for delivery in 2026 Royal Caribbean has ordered a fourth Icon class cruise ship from the yard due in 2027 and has options for two additional sister ships Meyer Yachts and Ulyssia Residences have announced their upcoming project The build process is on track to begin later this year in Papenburg Meyer Yachts said that the Ulyssia is set to become the world’s most exclusive residential yacht community The Ulyssia is envisioned by Monaco-based Swiss entrepreneur Frank Binder and designed by naval architect Espen Øino Meyer Yachts added that it will carry out all construction phases of Ulyssia with completion of the project due within the next four to five years The build process of the Ulyssia will be broken down into the following phases over the next four to five years: said: “We are delighted to be working together with Meyer Yachts to create the masterpiece that Ulyssia will become.” “This generational project is a legacy for Founder and Chairman Frank Binder and the many talented team members behind the Ulyssia aimed at redefining the standard in luxury we knew from the very start of the project that Meyer Yachts would be the perfect build partner to bring the Ulyssia to life,” added Gruber “We feel so fortunate to have secured this partnership with Meyer Yachts now that the calendar is fully booked for the next five years We’re greatly looking forward to these next few years ahead culminating in the Ulyssia setting sail on her maiden voyage from Monaco.” said: “The project Ulyssia is revolutionizing residential yacht design and construction in doing so elevating the entire industry to a whole new level.” “Besides the stunning exterior and concept design the market the Ulyssia is leading into is absolutely unique and setting new milestones within shipbuilding history We are honored to have been chosen as a building partner by the Ulyssia Residences team and we look forward to the journey ahead,” added Kruse Get the latest breaking cruise news. Sign up. 73 Ships | 176,859 Berths | $63.5 Billion | View Sign up for our daily Newsletter and stay up to date with all the latest news You are receiving this pop-up because this is the first time you are visiting our site You are using software which is blocking our advertisements (adblocker) we are relying on revenues from our banners So please disable your adblocker and reload the page to continue using this site.Thanks This year's season officially began with the arrival of the first Papenburg cucumbers in calendar week 10 "We could have started as early as February 27 but we waited until March 2," says Detlev Köster managing director of Johann Köster GmbH & Co which supplies the regionally grown fruit vegetables mainly to owner-managed food retail stores as well as to the catering and food service industry in Bremen we are starting the season about two weeks later which is probably due to the low light levels in January and February we expect a normal supply of quantities for now." the Papenburg cucumber is the first seasonal highlight and first harbinger of spring More than 90 percent of the sales volume is accounted for by regular cucumbers with mini cucumbers and pots of herbs from the nearby gardening settlement also being offered and a comprehensive supply of German cucumbers is therefore not yet available we continue to offer Belgian and Dutch loads the Papenburg cucumbers are almost at the same level as the Dutch." Despite continued high production costs the prices of German cucumbers tend to be around the same level as last year KG has been operating as a regional supplier of the quality brand San Lucar The seasonal product range includes citrus fruits Köster sees a high level of willingness on the customer side to offer regional German cucumbers "As soon as German cucumbers arrive on the market which in turn indicates that regionality is valued." the fruit and vegetables are mainly sourced from Spain there was a lot of rain in Spain in the fall which had a noticeable effect on the supply situation in the fruit and vegetable category there were sometimes very few peppers available at high prices and this trend is still continuing at the moment." the first heated asparagus from the region is also expected in the second week of March Photo credit: Johann Köster GmbH & Co KG For more information:Detlev KösterJohann Köster GmbH & Co. KGQuerreihe 1Lilienthal 28865Tel: +49 04792 93400Tel: +49 04792 934050[email protected]https://johann-koester.de/ FreshPublishers © 2005-2025 FreshPlaza.com The 2025 Chevrolet Corvette ZR1 is now the fastest car ever built by an American auto manufacturer General Motors President Mark Reuss drove a 2025 Corvette ZR1 233 mph setting a top speed record unrivalled by any current production car priced under $1 million The Corvette team set this two-way average speed on the northbound and southbound straightaways of the High-Speed Oval Track at ATP Automotive Testing Papenburg “Setting the top-speed record in the Corvette ZR1 is a true triumph for Corvette and for Chevrolet surreal experience for me personally,” said Reuss “With the current generation’s switch to mid-engine we knew the outstanding performance and balance made this a real possibility To go over there and get it done is a testament to the power of ZR1 and to the incredibly talented team that developed and built it.” The ZR1 features the most powerful V8 engine ever produced in America by an auto manufacturer Corvette shifted to mid-engine architecture in 2020 unlocking new levels of performance and innovation Chevrolet engineers leveraged GM’s deep software and hardware development knowledge to set a new speed benchmark for American automakers Facts about Corvette ZR1’s record-setting run: The ZR1 is the fastest car GM has ever produced Dive deeper on Corvette Instagram, Corvette Facebook, and Chevrolet TikTok. Or watch the five-minute mini documentary on Chevrolet YouTube The 2025 Corvette ZR1 has the following features: General Motors (NYSE:GM) is driving the future of transportation leveraging advanced technology to build safer and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry’s widest range of EVs Dive deeper on Corvette Instagram, Corvette Facebook, and Chevrolet TikTok. Or watch the five-minute mini documentary on Chevrolet YouTube and the construction and waste management company Papenburg to take over the steel producer Salzgitter are becoming more concrete The consortium "submitted a non-binding offer to the executive board in the context of a potential takeover bid to acquire the company’s shares citing an indicative offer price of €18.50 per share" The indicative price represents a premium of 18 per cent compared to the previous day's closing price of €15.70 Based on a total number of issued shares of 60.1 million the offer values the Salzgitter Group at €1.1bn The steel company said that it was engaging in discussion with the consortium and that it was "in the process of examining the non-binding offer underlining that the outcome of both was open It has been known since early November 2024 that Papenburg and TSR are jointly considering a takeover of the steel manufacturer The aim is to acquire at least 45 per cent plus one share in Salzgitter AG Papenburg and TSR want to strengthen their influence on the steel group and support "the transformation of Salzgitter AG towards green steel" GP Günter Papenburg AG is already the largest Salzgitter shareholder with a 26.7 per cent stake in the company It is closely followed by the German federal state of Lower Saxony which also owns a blocking minority stake of 26.5 per cent in the steel group via its investment company Hannoversche Beteiligungsgesellschaft Niedersachsen mbH (HanBG) The state's finance ministry told the news agency dpa on Thursday that it did not see any economic advantages in an offer Minister President Stephan Weil (SPD) had already denied there was a need to "change the shareholding structure" of Salzgitter the state government had said it would conduct a very thorough examination of TSR and Papenburg’s announced plans to acquire economic control of Salzgitter AG as well as the associated legal and economic consequences The government said it would especially consider the interests of employees Salzgitter's employee representatives are also opposed to the potential acquisition The company's works council and the IG Metall union "stand by their view that Salzgitter AG is to ensure a sustainable future for the company and jobs without such a take-over and while maintaining its independence and co-determination" deputy chairman of the steel company's supervisory board and member of IG Metall's executive board Salzgitter AG’s subsidiaries include Deumu (Deutsche Erz- und Metall-Union GmbH), which is active in ferrous and non-ferrous metals recycling and trading, NF metals and ferro-alloys, and steel processing. Last year, the company announced it would invest €30m into a new large-scale shredding plant Content from video and social media platforms is blocked by default. If access to these services is accepted, separate consent is no longer required when using them. You can find more information on the individual external services in our privacy policy. it built the Disney Dream and the Disney Fantasy the largest ocean liners ever made in Germany.BY THE NUMBERSGerman federal and state governments will invest 400 million euros ($442 million) in Meyer Werft for an 80% stake.The plan also includes guarantees for 2.6 billion euros in loans.KEY QUOTES"Meyer Werft is one of the largest and most modern shipyards in the world It is of immense importance for German shipbuilding," German Economy Minister Robert Habeck said."It is a temporary aid," said opposition politician Andreas Mattfeldt adding that the shipbuilder has a successful business model.Green politician Sven-Christian Kindler highlighted that many jobs are at stake and this is a key industry for Germany."An agreement is now planned this week," Kindler said.WHAT'S NEXT?Final details will need to be clarified before the package is confirmed in writing in the next few days.($1 = 0.9057 euros)Reporting by Christian Kraemer Editing by Rachel More and Alexander Smith Maria Martinez is a Reuters correspondent in Berlin covering German economics and the ministry of finance. Maria previously worked at Dow Jones Newswires in Barcelona covering European economics and at Bloomberg, Debtwire and the New York Stock Exchange in New York City. She graduated with a Master of International Affairs at Columbia University as a Fulbright scholar. Germany cruise ship builder Meyer Werft and the union IG Metall reached important agreements as the first step toward a proposed reorganization and bailout of the financially troubled yard in Papenburg Meyer Werft is facing with a liquidity crisis as an after effect of the pandemic and rising costs The company is in negotiations with the state government to provide critical loan guarantees for the next few years While the Papenburg shipyard was able to maintain its orderbook during the pandemic and has added to it with new contracts it faces a cash shortage in order to build and deliver these cruise ships the cruise lines provide a 20 percent upfront payment with the order and the shipyard must finance the materials and pay employees and contractors during the construction period The company and union announced their agreements at a press briefing in Papenburg this afternoon The union has agreed to job cuts for 340 employees at the Papenburg yard down from an original proposal to cut 440 positions immediately the shipyard agreed to attempt to avoid layoffs It will not renew 100 temporary positions when they expire and will launch a voluntary separation scheme If by April 2025 they have not reached the 340 number then layoffs may be implemented Meyer Werft made several key concessions which CEO Bernd Eikens called “important building blocks,” for the future The company agreed to relocate its headquarters Following the required structure for German companies they will institute both a supervisory board and a group works council in the “near future.” The Papenburg shipyard also agreed to a minimum staffing level of 3,100 employees Meyer Werft is a large employer in Germany’s Lower Saxony region and supports a broad network of contractors and suppliers Estimates are that at least 10,000 jobs are associated with the shipyard’s work Eikens said today’s agreements will be followed by “further steps” in the next few days He took the reigns of the company from the Meyer family in December 2023 and has brought in a reorganization specialist He has said the shipyard must and will become more profitable Meyer Werft is reported by the German media to be seeking €270 million in financing with government loan guarantees to carry the company through 2027 The state government has expressed its support for the company while calling for the reorganization steps that were agreed to today they will also need the support of the federal government due to the size of the proposed guarantees The media reports that Meyer is also looking for investors and may require as much as £400 million in new capital The German news outlet NDR is reporting that talks are beginning today with the Federal Ministry of Economics Two of the leading political wings have expressed their support for the discussions and concern over the potential impact on jobs Media reports are saying that a deal must be reached by September to shore up the weak finances of the Papenburg yard The bailout is focused on Papenburg. 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Read our cookie policy or manage cookies Get instant access to more than 2 million reports The revised offer of EUR18.50 per share indicates a substantial increase from the previously proposed EUR17.50 per share follows an earlier report by Bloomberg News with Salzgitter noting that discussions with the consortium continue leaving the eventual outcome yet to be determined Salzgitter's stock surged by as much as 9.4% on Thursday marking its most significant intraday gain since November the company's shares have decreased by approximately 36% amid falling demand for steel resulting in a market valuation of close to EUR1 billion The bid has elicited a response from Salzgitter's largest stakeholder The state expressed skepticism about the economic benefits of the proposed acquisition urging the consortium to provide more detailed plans to ensure clarity according to an emailed statement from Lower Saxony's finance ministry Efforts to enhance the profitability of Salzgitter's operations continue, including optimizing its investment in Aurubis AG a Hamburg-based copper recycling company valued at roughly EUR3.3 billion holds a 25% stake in the company and first indicated interest in a takeover bid last November The consortium aims to secure at least a 45% plus one share holding in Salzgitter Salzgitter's origins trace back to one of Germany's oldest steel enterprises and it became an independent entity following its separation from the Preussag Group in 1998 This report provides an in-depth analysis of the market for raw steel and pig iron in Germany you will discover the latest data on market trends and opportunities by country as well as the global trade (imports and exports) The forecast exhibits the market prospects through 2030 you can find information that helps you to make informed decisions on the following issues: we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence constitutes the key working tool for business analysts empowering them to discover deep insights and ideas from the marketing data Making Data-Driven Decisions to Grow Your Business Understanding the Current State of The Market and Its Prospects Finding New Products to Diversify Your Business Choosing the Best Countries to Establish Your Sustainable Supply Chain Choosing the Best Countries to Boost Your Exports The Latest Trends and Insights into The Industry The Largest Producers on The Market and Their Profiles The blast furnace at the Salzgitter AG mill in Salzgitter They had previously offered around €17.50 per share the privately-held company that recently won a follow-on contract to supply vessels for Disney Cruise Line’s fleet The federal government will acquire a 40% stake in Meyer Werft along with “a stake of the same amount by the state of Lower Saxony,” according to Economy Ministry officials The financing for the federal government amounts to around €200 million ($222 million) The Papenburg-based shipbuilder Meyer Werft could be on its way to being taken over by the state of Lower Saxony and the German government to avoid going under founded in 1795 and led by seven generations of the Meyer family The company needs money by September 15 to pay wages at all and avoid bankruptcy despite the orderbook being relatively good the company’s orderbook includes ten cruise ships four of which were ordered by Disney this week Meyer Werft must raise more than €2.7bn ($2.96bn) by the end of 2027 The major reason for this is that some contracts for the newbuilds were concluded before the pandemic and were not adjusted for the drastic increase in energy and material prices since then there is no external investor who might join Meyer Werft to help with the financial ailments of the company The only remaining financiers that possibly could help the company avoid insolvency are the German government and the state of Lower Saxony the Ministry of Economic Affairs spokesman stated that it has not yet been decided whether the state would participate in the shipyard and If the government does decide to abandon the shipyard Meyer would shut down and around 3,300 people in Papenburg alone would be left without employment Half of it would be paid by the federal government and half by the Lower Saxony state The federal and state governments would then provide loan guarantees of €2.8bn Sources close to the matter told the German media that the state would probably take over the majority and that Meyer Werft would become a de facto state shipyard The Goverments in Lower Saxony and Germany should provide a necessary bridge loan to the Meyer Werft group ,”Meyer” Later Meyer should try to rise equity by a combination of a sharer issue and an IPO but unfortunately some of the contracts been not profitable caused by rising inflation Shippingpapers have already start writing about the Cruise segment as the fastest growing part of the leisure business Other opportunitys i Germany migth be a merger with the probibly spin-off or sale of the German industry group thyssenkrupps Marine division TK’s marine division have bought MV Werften in Wismar last June – 23 With the purchase there was a unfinished cruiseship newbuild So MV Werften are also capabel to build cruiseships Could be a shortcut to the Frankfurt stock exchange Lots of oppotunitys to save Meyer if somebody want it Don't have an account? your new go-to podcast to spice up your weekday mornings with relevant news and behind-the-scenes from Brussels and beyond From the economy to the climate and the EU's role in world affairs this talk show sheds light on European affairs and the issues that impact on our daily lives as Europeans Tune in to understand the ins and outs of European politics Dare to imagine the future with business and tech visionaries Deep dive conversations with business leaders Euronews Tech Talks goes beyond discussions to explore the impact of new technologies on our lives the podcast provides valuable insights into the intersection of technology and society Europe's water is under increasing pressure floods are taking their toll on our drinking water Join us on a journey around Europe to see why protecting ecosystems matters and to discover some of the best water solutions an animated explainer series and live debate - find out why Water Matters We give you the latest climate facts from the world’s leading source analyse the trends and explain how our planet is changing We meet the experts on the front line of climate change who explore new strategies to mitigate and adapt Germany's federal government will acquire a 40% stake in shipbuilder Meyer Werft for around €200 million The state of Lower Saxony will also buy a 40% stake providing much needed support to the indebted company are equally being discussed for Meyer Werft The federal and state governments have agreed to cover 80% of the value of the loans while banks must assume the remaining 20% at their own risk and the European Commission must approve the deal before it can go ahead Chancellor Olaf Scholz visited Meyer Werft's Papenburg-based shipyard in northwestern Germany as reports of the company's distress circled German media reports suggested that the firm needed €2.3 billion in working capital and €400 million in equity to cover losses and restructuring costs Meyer Werft's financial woes are partially linked to how ship building is financed the firm shared that it had secured a new agreement with Disney Cruise Line meaning that it now has eight Disney ships in its order book the company said it had full order books through to 2028 common practice for ship buyers to pay 80% of their fees upon delivery meaning that manufacturers must hold cash reserves to cover construction costs Meyer Werft's cash cushion was hit hard by dampened demand linked to the pandemic Covid-19 caused a spike in the cost of materials and labour further eating into the ship builder's finances "It's the firm determination of the government - of me personally and of my ministry which is doing the work here - that Meyer Werft gets the support it requires to continue to build ships," Economy Minister Robert Habeck said on Friday The Disney Treasure has left the building hall at Meyer Werft in Papenburg Disney Cruise Line’s latest ship was floated out on Saturday at the shipyard and will now move to an outfitting dock for the final touches ahead of her delivery later this year Following her handover from Meyer Werft to Disney the Treasure is poised to operate cruises from Port Canaveral where it will sail seven-day alternating eastern and western Caribbean itineraries To continue reading this article you must log in If you've never set a password you may need to register for free here and get unlimited access TTG Media Limited.Place of registration: England and Wales.Company number 08723341.Registered address: 2-6 Boundary Row Disney Cruise Line is set to expand its fleet with the addition of four new ships The four ships will be constructed by Meyer Werft in Papenburg and are scheduled for delivery between 2027 and 2031 The expansion will increase Disney’s fleet from its current five ships to a total of 13 as the new vessels will join another four already in development and itineraries for the new ships are still under development “Disney Cruise Line is consistently the top-rated cruise line for families because it offers something for everyone the opportunity to experience a vacation at sea like only Disney can provide,” said Josh D’Amaro during the Horizons: Disney Experiences Showcase Disney Cruise Line says it has achieved strong returns on capital investments with a 97% occupancy rate across its five ships in Q2 2024 “Our growing fleet will further strengthen Disney Cruise Line’s position as a leader in family cruising,” said Thomas Mazloum President of New Experiences Portfolio and Disney Signature Experiences The fleet expansion follows a series of recent announcements from Disney Cruise Line. In July, Disney and Oriental Land Co., Ltd. (OLC) revealed a new agreement to bring year-round Disney cruise vacations to Japan by early 2029 The construction of the new ship will also take place at Meyer Werft featuring designs by Walt Disney Imagineering and special modifications for Japanese guests is expected to be approximately 140,000 gross tons Meyer Werft and Disney Cruise Line have a longstanding relationship beginning with the delivery of Disney Dream and Disney Fantasy in 2010 and 2012 was handed over to Disney Cruise Line in 2022 The delivery marked Disney’s first new ship in a decade and its first to run on lower-emissions dual-fuel liquefied natural gas (LNG) the sister ships Disney Treasure and Disney Destiny are under construction in Papenburg and will be delivered in 2024 and 2025 Meyer Werft has contracted 10 cruise ships Sign up for gCaptain’s newsletter and never miss an update and updates delivered daily straight to your inbox Fincantieri and Viking have announced plans for the world’s first cruise ships powered by onboard hydrogen marking a significant milestone in the sector’s decarbonization efforts sees no signs cruise demand is waning despite worrying signs across the travel industry that consumers are pulling back a French maker of sailing yachts and powerboats that generates about 20% of its sales in the US Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news Stay informed with the latest maritime and offshore news For general inquiries and to contact us,please email: [email protected] To submit a story idea or contact our editors, please email: [email protected] For advertising opportunities contactEmail: [email protected]Phone: +1.805.704.2536. Essential news coupled with the finest maritime content sourced from across the globe. Deal seen as ‘important signal’ as German shipbuilder faces liquidity crisis Struggling German shipbuilder Meyer Werft has been thrown a lifeline with a new cruise ship order from newcomer Oriental Land Company of Japan. The Papenburg-based yard has been commissioned to build a Disney Wish-class cruise ship for the Japanese market The new ship is scheduled for delivery in 2028. It is a sistership to three 135,000-gt cruise ships that the shipyard is building for Disney Cruise Line. Oriental Land, which operates the Disney theme parks in Japan, is planning to enter the cruise sector. The company is expected to commence operation of the ship by early 2029. Oriental Land is also a new customer for the German shipbuilder. “This order contributes to the long-term development of shipbuilding in Papenburg”, said Bernard Meyer who signed the contract in Tokyo on Tuesday. Meyer, the long-time figurehead of the shipyard, is in his mid-seventies and stepped down from day-to-day managerial roles last August. He was replaced as CEO of the Meyer Group by Bernd Eikens, who described the order as “a strong signal for shipbuilding in Papenburg”. The order comes at a time when the German shipbuilder is facing a liquidity crisis. The shipbuilder, one of the world’s biggest, needs to raise around €2.7bn ($2.91bn) in the coming years. The sum is made up of €2.3bn in working capital and €400m in equity to cover past losses and restructuring costs, German government sources told Reuters. Last week the government had been considering a financial bail-out ahead. That came with the shipyard scheduled to implement between 340 and 440 in job cuts that would leave Meyer Werft with a headcount of at least 3,100 workers by the end of 2030. The order comes after Meyer Werft delivered the Disney Wish, the first ship in the Wish class, to Disney Cruise Line in 2022. The two sister ships, Disney Treasure and Disney Destiny, are under construction in Papenburg and will be delivered in 2024 and 2025. Facebook Twitter LinkedIn YouTube Instagram Your data on TradeWinds TradeWinds is part of DN Media Group AS From November 1st DN Media Group is responsible for controlling your data on TradeWinds We use your data to ensure you have a secure and enjoyable user experience when visiting our site. You can read more about how we handle your information in our privacy policy DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Read more about DN Media Group here TradeWinds is part of NHST Global Publications AS and we are responsible for the data that you register with us and the data we collect when you visit our websites We use cookies in a variety of ways to improve your experience such as keeping NHST websites reliable and secure personalising content and ads and to analyse how our sites are being used For more information and how to manage your privacy settings please refer to our privacy and cookie policies The country’s federal government said it is confident of securing a deal to keep the shipyard open after it fell into financial trouble during the pandemic Shipbuilding company Meyer Werft could come under temporary state ownership as part of a deal with the German government to save it from potential collapse. German Chancellor Olaf Scholz spoke to the company’s employees during a visit to its shipyard in Papenburg Lower Saxony and said he was confident a deal would be reached once agreements had been finalised between the government He said: “What has been built up here over a long period of time is the basis for there being a perspective for the future. “If the federal government and the state now get involved here for a certain period of time they are not doing so in order to remain partners forever – we are not shipbuilders – but to lay the foundation for a good future on a private sector basis.” The shipyard has been owned by the Meyer family for more than 220 years but fell into financial trouble during the Covid-19 pandemic and has struggled to make back the money needed to fill the reported €2.7bn ($3bn) hole in its finances. The company is one of the biggest shipyards in Europe and has continued to sign major deals throughout its difficulties, including a recent contract with Disney Cruise Lines for four new cruise ships that took its orderbook value to more than €11bn but is in need of immediate funding due to the pay-on-arrival nature of most shipbuilding contracts Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Das Fortbestehen der Meyer-Werft in Papenburg ist wichtig für die Region, Niedersachsen und Deutschland – sie ist ein industrielles Kronjuwel. Deswegen ist klar: Die Bundesregierung tut alles für eine gute Lösung, die Werft zu sichern. Das sind wir ihren Beschäftigten schuldig. pic.twitter.com/bu8nPbxLkV the government’s deal would see it take at least an 80% stake in Meyer Werft and contribute €400m in equity and backstop bank loans to help the company get back on its feet The government’s proposals have already received the backing of the shipyard’s leadership and the Meyer family with CEO Bernd Eikens saying the deal would provide the company with the “opportunity to put the crisis behind us”. Bernard Meyer also said: “The solution that has now been found is not easy for the family but we have always said that the interests of the company take precedence over those of the family. “We see a great opportunity to get the company back on track for the future.” The shipyard is one of the biggest private employers in the region of Lower Saxony and is directly or indirectly responsible for 17,000 jobs in the country Nominations are now open for the prestigious Ship Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation This is your chance to showcase your achievements Don't miss the opportunity to be honoured among the best - submit your nomination today Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network “Whooping cough cases are on the rise in Canada, with some provinces reporting sharp increases compared to pre-pandemic averages. More than 11,670 cases have been reported in Quebec so far this year, a significant jump from the annual average of 562 cases between 2015 and 2019.” (CBC News) Here is an expert from McGill University who can comment on this issue: Jesse Papenburg a respiratory infection caused by Bordetella pertussis Infants in their first months of life are at risk of severe whooping cough which can lead to hospitalization or death The best way to prevent severe disease is through pertussis vaccination in the third trimester of pregnancy and timely routine infant pertussis vaccinations.” Jesse Papenburg is an Assistant Professor in the Department of Pediatrics and an infectious disease specialist and medical microbiologist at the Montreal Children’s Hospital and diagnosis of severe viral respiratory infections among children Within the museum the existing traditional structure and modern additions are interwoven to correspond with the exhibition themes exposed wooden beams boldly recall historic wooden shipbuilding while industrial materials along the second floor echo a discernible link to the modern steel-based construction creating an immersive learning experience for visitors DIA integrates multi-media technologies such as AR and an app-based exhibition guide to create a memorable experience for all age groups a journey through Papenburg’s maritime history | all images © Dittel Architekten a central element of Papenburg’s history are transposed into the Maritime Adventure World’s design in the form of ‘lines’ and ‘axes’ wooden slats lead the visitor into the interior The interplay between opening and closing slats continues to the back of the building where the escape staircase is discreetly disguised by a delicate vertical structure The entrance door stand prominently with an inset flat steel frame that penetrates the slatted structure creating a clearly visible portal that invites visitors in and an interactive app which allows visitors to collect and save information using QR code logic DIA fuses modern elements with the traditional visitors are greeted with an Interactive Table serving as the first port of call for orientation and discovery tour planning Immersing themselves in the chronological history of Papenburg they can continue on to walk alongside modern exhibition displays with carefully staged original items and elaborate replicas before making their way to the Explorer Shipyard on the upper floors visitors can get a glimpse into historic wooden shipbuilding as they pass through the atmospherically outfitted office of a ship designer which provides insights about various topics — from raw material extraction visitors are granted the option to create their own digital sailing ship using modern touchscreens an exposed wooden ship frame sits as the centerpiece superimposed steel and glazed interventions enhance the listed red brick facade The second floor exhibition section is accessed via a floor-to-ceiling steel and glazing transition that symbolizes pioneering steel shipbuilding atmospheric staging and graphics are used to illustrate the advantages of the new material by letting visitors race a wooden ship and a steel ship against each other The learning journey continues by taking a closer look through interactive elements while a centerpiece presents moving Papenburg stories visitors can release their very own digital ships into a destination port of their choice exposed wooden slats lead visitors into Maritime Adventure World museum a wooden ship frame sits as the centerpiece modern circulation spaces mark the transition from wooden to steel shipbuilding DIA integrates multi-media technologies such as AR and an app-based exhibition guide name: Maritime Adventure World designer: DIA – Dittel Architekten innovation agency: 7Places location: Papenburg designboom has received this project from our ‘DIY submissions’ feature, where we welcome our readers to submit their own work for publication. see more project submissions from our readers here. AXOR presents three bathroom concepts that are not merely places of function but destinations in themselves — sanctuaries of style Im Gespräch ist auch ein Beratervertrag für den 76-Jährigen darüber wird laut Pressestelle noch verhandelt dass der Ex-BMW- und Airbus-Manager Klaus Richter der neue Aufsichtsratsvorstand der Meyer Werft werden soll Canada is experiencing a late-season surge in flu cases, with test positivity rates reaching 21.2 per cent last week, surpassing last season’s peak, according to national data. Flu activity is considered widespread in several Quebec regions Here are experts from McGill University who can comment: Christopher Labos christopher.labos [at] mail.mcgill.ca (English Trainees will earn €800 during their internship Germany’s prominent Papenburg logistics company plans to recruit workers from abroad The company offers not just employment but also training aligned with European standards Trainees receive financial support during the training period who shared that he currently earns €800 per month — significantly higher than the average salary in Uzbekistan he also noted the challenges of working in Germany “Punctuality has been the hardest thing for me everything must happen on time,” said Odilov which also specializes in asphalt and concrete production has all the necessary resources but lacks sufficient workers the company has undertaken the professional training of more than 60 Uzbek truck drivers “The majority of Uzbekistan’s population is young This is why unemployment in some regions predominantly affects the youth I believe this is a win-win situation for both of us,” she stated DW noted that the existing migration agreement between Germany and Uzbekistan facilitates the documentation process for Uzbek workers The company also plans to conduct training sessions directly in Uzbekistan This initiative offers Uzbek drivers the opportunity to gain international experience and acquire a profession in high demand in one of Europe’s leading countries Germany faces a shortage of 70,000 truck drivers resulting in undelivered orders and logistical delays Port terminal operator BERA has reacted to an increase in the demand for logistics services and aligned itself further with EMS-Fehn-Group by changing its name to EFG Port Papenburg EFG Port Papenburg is primarily known for its storage and handling facilities in the seaport of the German town of Papenburg Become a member of Project Cargo Journal and get full access to all our premium content Log in { "premium_state" : "popin-anon-limit" }); /* ]]> */ Tschudi Logistics has appointed Anselm Valtonen as the new Managing Director of its Finland office Valtonen brings a decade of experience in Project Logistics to… Logistics provider Kuehne+Nagel has renewed its collaboration with Acer Europe opting for biofuels as a method to decarbonise sea shipments The Zeeland-West-Brabant court has declared the heavy-lift company The court is yet to unveil additional information on… Spliethoff and BigLift Shipping have added experience to their Houston office with the appointment of Roberto Frigeni as Vice President of Business Development Log in through one of the following social media partners to comment © 2019–2025 ProjectCargoJournal.com has floated out at the Meyer Werft shipyard in Papenburg “Love at first sight,” commented on the float-out AIDA “The AIDAcosma has left the hall of Meyer Werft and thus saw the light of the world The 5,400-guest AIDAcosma is a sister ship to the AIDAnova Another sistership newbuild due for delivery from the German yard in 2023 was previously assigned to AIDA but will now sail for Carnival Cruise Line The pandemic caused significant delays to the AIDAcosma delivery date Initially scheduled for a spring 2021 debut the AIDAcosma was pushed to the third quarter the vessel’s inaugural season in Europe was entirely cancelled and the first voyage rescheduled to Dec He was selected for the prize in the category of “Emerging Researcher: Sharing the science behind COVID-19” for his ongoing presence in social and traditional media providing information on the science behind COVID-19 and the uncertainties of school attendance for children Papenburg considers it essential to engage in meaningful ways with the media and with the public “I try to say yes to as many opportunities as possible to discuss pediatric infections in the media,” says Dr “Facebook live events organized by reputable groups have also been a fantastic way to engage directly with families and answer their questions I always keep in mind that my audience is not the interviewer but rather parents that want to make informed decisions about their child’s health My goal is to deliver clear messages about what the science can tell us and also about what uncertainties may still exist.” the Principal’s Prize recognizes exceptional McGill scholars who share their knowledge with the media and the public The 2022 prizes were awarded at a ceremony on April 29 at the McGill Faculty Club Learn more about the Principal’s Prize for Public Engagement through Media on the McGill website School of Medicine Ingram School of Nursing School of Physical and Occupational Therapy School of Communication Sciences & Disorders School of Population and Global Health School of Biomedical Sciences McGill University Health Centre (MUHC) CIUSSS Montreal West Island CIUSSS West-Central Montreal RUISSS McGill FMHS Focus McGill Reporter McGill Newsroom We use cookies to help improve the usability of our websites. passed through the dock lock of the Meyer Werft shipyard in Papenburg The 5,200 passenger ship, a sister to Iona was transferred backwards down the Ems River with the support of two tugs to Eemshaven (Netherlands) Arvia will conduct sea trials in the North Sea before being officially handed over to P&O Cruises next month P&O Cruises first released pictures of the ship last month, which has many of the same features which debuted on Iona -- as well as a few new-to-the-line features a new ropes course and a mini-golf course and the first rum distillery at sea The ship -- whose maiden voyage has been delayed "due to circumstances beyond our control" -- will then head to Southampton before embarking on its maiden voyage to the Canary Islands on December 23rd until late March before sailing back to Southampton for the summer operating Mediterranean cruises until October Mercedes announced that it will build a 100 MW wind farm at its Papenburg test track in northern Germany that will cover more than 15 percent of its annual electricity usage in the country “The targeted expansion of renewable energies at our own locations is an integral part of our sustainability strategy,” said Jorg Burz Mercedes’ head of production and supply chain management “With the realization of the planned wind farm project in Papenburg we are taking an important step in this direction.” The farm is part of a larger plan to erect a double-digit number of wind turbines by the middle of the decade It also wants to support the expansion of on-shore wind energy in Germany and of green power generation there Read Also: Stellantis May Generate Its Own Power At European Plants To Protect Against Russian Gas Threats The company is also exploring adding solar panels to the site to further serve its power needs. The additions are part of Mercedes’ sustainability goals production at its plants has been CO2 neutral The company is now pursuing its goal of covering more than 70 percent of its energy needs with renewables by 2030 it will invest hundreds of millions of euros in expanding its use of solar panels “We make an active contribution to the energy transition and the expansion of onshore wind power in Germany,” said Burz. “By installing photovoltaic systems on the roofs of our plants on a large scale we are gradually reducing our external energy requirements.” The company will now complete an ecological impact review that will be completed in concert with local authorities. The 800-hectare site has been an important part of Mercedes‘ R&D activities since it was opened in 1998 Germany’s Meyer Werft is expecting the second LNG-powered vessel it built for Carnival Corporation’s P&O Cruises Following the trip via the Ems river with the support of two tugs the cruise ship should arrive in the Dutch Eemshaven port in the North Sea on November 6 the LNG-fueled Arvia would set course for Bremerhaven for delivery to P&O Cruises Meyer Werft launched this LNG-powered ship, the sister vessel to Iona UK-based P&O Cruises expects the vessel to set off on its maiden voyage from Southampton in December 2022 Its maiden voyage would be on a route to the Canary Islands followed by a winter season in the Caribbean The LNG-powered newbuild measures over 180,000 GT and can accommodate around 5,200 passengers in 2,614 cabins Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms Analytical cookies are used to understand how visitors interact with the website These cookies help provide information on metrics such as the number of visitors Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns As it prepares to receive a newbuild in 2025 NYK Cruises opened an office at the Meyer Werft shipyard in Papenburg Attended by executives of both NYK Cruises and Meyer Werft the Japanese-styled celebration included a symbolic opening of a sake barrel followed by a toast with the beverage using traditional masu cups A two-meter-tall flag of NYK Cruises was also hoisted at the shipyard The opening of the local office marks another step towards the delivery of NYK’s first cruise newbuild in over 20 years Experts of different departments will gather at the facility to cooperate with the shipyard in the construction of the ship With the details of the design of the 229-meter-long vessel now finalized NYK said it is now looking into the building process ahead of cutting the first pieces of steel Traditionally the first step in the process of construction of a ship the steel cutting is currently scheduled for the upcoming fall the newbuild will sail for NYK’s Asuka Cruises brand which currently operated the 1990-built Asuka II the yet unnamed vessel will be dual fuel and able to run on LNG The 50,142-ton ship will accommodate up to 744 guests the 385-cabin cruise ship will also be equipped with optimized hydrodynamics in accordance with its planned routes as well as onboard facilities adapted to the needs of the Japanese passengers The ship will also introduce innovations to its air-conditioning systems and different contactless controls across its public areas and cabins will now focus his efforts in Germany as Managing Director of Meyer Werft managing director of Meyer Werft since 2016 will take over the position of the CEO at Meyer Turku The changes will take place after the summer “As a long term strategy of continuous exchange between the yards on all levels it was since the beginning planned to rotate the leadership at some suitable time in the future The acute situation caused by the corona crisis will require and lead to major changes on all yards As these changes and new structures will be implemented it is now a good timing to carry out a family internal leadership switch between Jan and Tim,” said Bernard Meyer chairman of Meyer Turku Oy and managing director of Meyer Werft Turku and Warnemünde are already working closely together We are learning from each other by implementing knowledge and experience of all locations we are seeing the benefits of this cooperation The exchange of people between the locations is essential and a success factor for the future my family and I have been very welcomed and supported here in Finland and we are very thankful for that,” added Jan Meyer “The time at the shipyard has been very intensive and personally inspiring faced and made through many challenges together with our teams and partners And still some further challenges are remaining – especially with this new situation I will also in the future remain well connected and engaged with Turku.” “I feel excited to get to work even more closely together with the shipbuilders and partners in Turku and of course also to get to know Finland and its people personally We are encouraging an exchange between the yards on all levels and want to act as role models here,” added Tim Meyer Bernard Meyer said: “Our shipyard went through many different times We have to be always aware: If we take the right and bold steps we will emerge stronger from this crisis than before.” the Chevrolet Camaro ZL1 Coupe will satisfy anyone’s need for speed Chevrolet tested the max velocity of the ZL1 (with a 10-speed automatic transmission) on the high-speed oval at Germany’s Automotive Testing Papenburg GmBH proving ground the top speed is the average achieved from running the ZL1 in both directions on the 7.6-mile loop — 202.3 mph in one direction and 193.3 mph in the other direction “This test caps an impressive list of performance stats for the Camaro ZL1 which was designed to excel at everything,” says Al Oppenheiser “It’s the most capable — and fastest — Camaro ever.” The Papenburg testing was conducted on the ZL1’s production Goodyear Eagle F1 Supercar 3 tires with pressure set at 44 psi the recommended setting for extended high-speed driving The car’s only deviations from stock were mandatory safety equipment and data logging equipment “The ZL1 was developed with high-speed performance in mind incorporating a balanced aerodynamic package that reduces lift without significantly affecting drag,” adds Oppenheiser “After testing the car in standard settings we set the front and rear camber adjustments to 0 degrees and the tire pressures to the maximum allowable sidewall pressure Papenburg’s high-speed oval features 2.5 miles of straightaways and 1.3 miles of turns The steep banking allowed Chevrolet test drivers to run the ZL1 flat out around the track without lifting off the throttle in the turns Special aero features include a stanchion rear spoiler that offers a lift/drag ratio compared to a blade-style rear spoiler and a patent-pending auxiliary transmission oil cooler cover that reduces front-end lift with no drag penalty The front-to-rear aero balance was also fine-tuned for high-speed stability The 2017 Camaro ZL1 starts at $63,435 for a Coupe with the manual transmission (price includes $995 destination and $1,300 gas guzzler tax) and $65,830 for a Coupe with the 10-speed automatic (price includes $995 destination and $2,100 gas guzzler tax) Chevrolet now does business in more than 115 countries and sells more than 4 million cars and trucks a year Shipbuilder Meyer Werft hard hit by the downturn in the global cruise industry reached an agreement with its union for a better than 10 percent reduction in the workforce The move is the first of several potential efforts by the company to reduce costs and improve productivity The depth of the cuts would have been more severe except for new orders including a newly announced win to build the Ocean Residences condominium cruise ship The latest agreement covers the shipyard at Papenburg and follows similar efforts at the company’s Neptune Shipyard in Rostock Meyer’s operations were focused on the cruise ship industry with the Papenburg yard organized to produce two large cruise ships annually with additional capabilities for a smaller cruise ship Turku was expanding its capabilities to build two large cruise ships and the Neptune yard was building river cruise ships and modules including the engine room blocks for the ships being assembled in Papenburg Meyer has a strong order book with ships under construction for P&O Meyer was successful in rescheduling deliveries while scaling back operations to one large ship annually from both Papenburg and Turku "Now we are fully focused on the transformation of the group and on developing climate-neutral solutions for our ships and maritime applications as quickly as possible," says Jan Meyer Negotiations with the IG Metall Kuste and the shipyard’s works council began months ago with reports suggesting that Meyer was seeking to reduce the workforce of 3,00 at Papenburg by as many as 1,000 people Later the figure was scaled back to 660 positions Union officials announced last evening that 62 percent of the yard’s employees are in favor of the agreement Under the terms reached between the yard and its unions the company is targeted 350 voluntary reductions at the shipyard and an additional 100 positions as its EMS Maritime Services group It is a three-stage program starting with the voluntary program and a transfer company a common approach in Germany that helps employees retrain and find new positions The aim is to avoid or minimize compulsory layoffs and reduce as many jobs as possible by mutual agreement. German media reports suggest that Meyer is targeting a financial saving of $1.4 billion and the unions have also agreed to steps to seek a consistent improvement in productivity each worker will contribute 100 hours annually to the yard either by working uncompensated overtime or waving special payments Employees at the service company will contribute 25 hours each year Meyer and the unions are still negotiating the details of a change to a two-shift model Meyer cited competitive and pricing pressures in the shipbuilding industry saying that these factors have increased significantly in the past year the revised delivery schedules have slowed contract installment payments to the yard and in 2020 the cruise companies delayed deliveries of completed cruise ships "The current agreement with the works council and IG Metall is an important step towards securing the Papenburg shipyard site even though the staff reductions are very painful,” says Managing Director Bernard Meyer “The adopted socially responsible package for the future only works on the basis of further orders for the years 2024 and 2025 We are continuing on the path of developing new business areas It's a good chance for a fresh start for cooperation with the works council and the union." The shipyard said it is currently in danger of having its utilization rates falling below 40 percent in the coming years Meyer won the only new contract for a cruise shipyard awarded in the past year The company will build a mid-size cruise ship for Japan’s NYK Group in its first significant assignment outside the cruise industry Meyer Neptune is participating in a German navy project to build two tankers In our press portal you can find current press releases information about fairs and events as well as studies and other publications Overview Press Contacts Find out what drives our employees and what exactly makes Continental a great employer Job Portal Application Process Contact & FAQ On these pages we present our investor related news and information Overview Contact About us Services Here you find more information about sustainability at Continental Overview Contact On these pages we present information about our products and innovations Overview Contact Since 1871 we develop pioneering technologies and services for sustainable and connected mobility of people and their goods Find out more about our company on these pages Overview Contact EmailContinental and AutoBild sportscars traditionally invite different tuners to attempt to break records every two years like for example Papenburg or Nardo in southern Italy where the maximum top speeds can be driven under controlled conditions Continental have had their own tuning department working in collaboration with the vehicle tuners