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Auctioneers purchase Odense Steel Shipyard

Alex Baird

Maynards Europe and Hilco Industrial Europe (Hilco) have purchased the equipment of the Odense Steel Shipyard (OSS) in Denmark. A wholly-owned subsidiary of AP Moller Maersk, OSS is the largest shipyard in Europe and has built some of the world's largest container vessels, oil tankers and Ro-Ro ships.

"The sale of the Odense yard has valuable equipment of interest to the shipbuilding industry around the world," stated Daniel Kroeger, Managing Director of Maynards Europe. "The facility offers machinery that can be used in a variety of industries. We expect strong purchase interest from a wide range of end-users."

Available equipment ranges from multi-million-Euro heavy welding lines to mobile cranes.

In August 2009 the 92-year-old shipyard announced its imminent closure, citing competitive market pressure from the Far East (particularly China) and considerable annual deficits. Maynards and Hilco took title to the OSS assets (including the shipbuilding manufacturing lines) on April 6, and immediately began an initial sales phase entertaining offers from en-bloc purchasers and strategic end-users in the shipbuilding industry. This will be followed by a series of multi-day auctions offering thousands of modern manufacturing, fabricating, mobile and support equipment items. The auctions will begin in June 2011 and continue until March 2012