shipbuilding predecessor j.j sietas kg schiffswerft gmbh u. co. founded 1635 founder carsten sietasch headquarters elbe neuenfelde germany cranz germany number of locations 1 area served hamburg key people garegin tsaturov products ship sections new ships services ship construction repair parent pella shipyard website http www.pellasietas.com pella sietas is a shipbuilding company in neuenfelde cranz west south area of hamburg . the company is from the insolvent traditional j.j sietas kg schiffswerft gmbh u. co. emerged . the company s headquarters is located in the estuary of este river at unterelbe . contents 1 history 2 insolvency of old yard 3 situation 4 gallery 5 literature 6 references 7 external links history edit the until november 2013 oldest still existing shipyard in hamburg was founded in 1635 making it one of the oldest industry of the city . from the inception the company was continuously owned by the family and was out until early 2009 in the ninth generation . in the early years were mainly boats built of wood later followed briggs and other types of ships . in early 20th century production was continuing shifted from wood to steel . since the 1950s was built on the shipyard ships in sectional construction . primarily small to medium sized in recent years container vessels were built . after the shipyard was experiencing financial difficulties due to rising steel prices the rapid fall in rates for container ships and incorrect calculation of costs the largest creditor of the shipyard hsh nordbank in early march 2009 had a new management first performed by non family member since 1635 . 1 insolvency of old yard edit after the shake of the global recession in 2009 especially container shipping fell sharply and j.j. sietas had to contend with numerous cancellations and dwindling backlog turned it from container ship off and wanted to concentrate on niches in the specialty shipbuilding . these include heavy lift vessels ferries offshore vessels . the last container ship was completed in november 2009 . on november 6 2009 the 393rd and last container ship or feeder was delivered . in december 2010 sietas has received an order for the first in germany to be built offshore wind power transport and installation vessel named aeolus which until february 2014 for the dutch van oord group was built this ship was the last one and even biggest built in shipyard before to be overtaken from russian pella in april 2014 . 2 at november 17 2011 due to excessive indebtedness an application for bankruptcy made insolvency proceedings were made by order of 1 february 2012 . on 22 may 2012 the insolvency administrator berthold brinkmann was announced and end of june decided the creditors committee the three sietas companies sietas shipyard neuenfelder maschinenfabrik and norderwerft for sale separately . the sietas shipyard was sold to pella the norderwerft was sold to bremer l rssen and neuenfelder maschinenfabrik nmf which makes cranes was approved by the norwegian tts group asa to be acquired . in february 2014 the sietas shipyard was of the terra line gmbh in hamburg which in the st. petersburg resident pella shipyard adopted . under the agreement the yard for at least eight years must continue to operate and 120 employees were taken back . the name of the shipyard company was after the takeover in pella sietas gmbh changed . situation edit the shipyard employs about 150 employees 2013 which intend to produce various types of vessels on a factory area of around 16 hectares . recently was made individual sections for large cruise ships for the meyer shipyard in papenburg . 3 gallery edit last ship of j.j. sietas pella sietas yard pella sietas yard detail of meyer werft section under construction an overview view from elbe side an abandoned ferry construction nmf crane literature edit 375 jahre sietas werft . in schiff & hafen heft 10 2010 s. 21 90 seehafen verlag hamburg 2010 issn 0938 1643 eckhard herbert arndt neue hoffnung f r traditionswerft . in hansa heft 1 2012 s. 24 25 schiffahrts verlag hansa hamburg 2012 issn 0017 7504 references edit http pellasietas.com about history sietas history http pellasietas.com about about pella sietas http www.abendblatt.de hamburg article137165371 millionenauftrag fuer hamburger werft sietas.html external links edit wikimedia commons has media related to j.j. sietas . j.j. sietas kg schiffswerft gmbh u. co. retrieved from https en.wikipedia.org w index.php title pella sietas & oldid 734282505 categories shipbuilding companies of germanycompanies based in hamburg1635 establishments in germanycompanies established in the 1630s navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what 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