Shipbuilding industry: ‘Batory’ addendum

Problems with Polish construction ferryThis: A deliberate tactic or an expensive mistake? Deep look at the shipbuilding industry that has construction problems ferryThis ro-pax in Gdańsk.

At the end of 2021, three construction contracts were signed in Gdansk ferrythe ro-pax, which was to bring renewal to the Polish naval fleet. The recipient of these units is Polish Promy, whose shareholders are Polish Maritime Shipping (PZM) and the Treasury.

In April this year, Deputy Minister of Infrastructure, Marek Grobarczyk, informed that the first ferry for Polish Maritime Shipping will be surrendered at the turn of 2024 and 2025. However, the road to this point was not easy. The financial and logistical problems involved this project from the very beginning. The financing of the construction is provided by Pekao Bank, which has undertaken to lend PLN 600 million to each ship, but has set strict conditions for the Company of the State Treasury – Polish Promy.

Instead of the originally provided collateral in the form of the collateral itself ferryThis, the bank demanded half the fleet of bulk carriers belonging to the Polish Maritime Shipping (PZM). This decision may have caused surprise, but from the investor's point of view, such a policy is simply a safeguard against project risks.

But is there more to this decision? Is it possible that this is a deliberate action by the authorities to secure construction in the future? This could also be a safeguard for the future of PMV and its fleet against privatisation. Who will buy and sell the company and its ships with security?

Read more: https://portalstoczowy.pl/program-batory-ambitious-project-tory-utknal-in-yard-reality/

And perhaps the goal is even deeper – securing the continuity of the program despite changes in governments and people in power. Such a strategy would also have its advantages in terms of job protection and shipbuilding in Poland. This industry, after the fall, though slowly, is beginning to resuscitate.

Service money.pl writes about "millions drowned in ferry PiS", and TVN24 notes that first ferry The government program "Bathors" is just a visualization for now. Despite problems, building ferryit is moving forward. Deputy Minister of Infrastructure Marek Grobarczyk emphasizes that "the building is doing well".

The published photo shows progress in the work on the units. Of course, it takes more than one Tweet to fully assess the situation. But, despite all the challenges, the ferries from the Batory programme will flow and become a symbol of the revival of the Polish shipbuilding industry.

When considering this information, it takes more than one tweet to fully assess the situation. Regardless of the challenges, it is possible that the ferry from the Batory programme will eventually sail and become a symbol of the revival of the Polish shipbuilding industry. Given the role of the shipbuilding industry in Poland, such a success would be a significant victory.

Written by Marcin Szywala