The Flensburg District Court will open insolvency proceedings concerning Flensburger Schiffbau-Gesellschaft mbH (FSG) on August 1st, the company said in an update. To remind, the German cash strapped shipbuilder filed for the opening of insolvency proceedings at the local court in Flensburg in April. The court has approved the application, allowing the company’s management to … Continue reading FSG’s insolvency proceedings set to start in August as sale talks with Pella Siestas continue