Denmark: Odense Steel Shipyard will divide the organisation into two divisions, Lindø Industrial Park and Lindø Shipyard.
The Lindø Industrial Park is facing a development process, while Lindø Shipyard is to be closed down.
Lindø Industrial Park will be operated as an independent division where FAYARD (formerly known as Fredericia Shipyard) currently rent facilities, whereas Lindø Shipyard will be closed down gradually until the final orders have been delivered in February 2012.
Meanwhile, Odense Managing Director Finn Buus Nielsen has decided to resign from his position as of November 1, 2009. He has been with the Odense Steel Shipyard since 1966.
