Stocznia Gdynia S.A.
TypeSpółka akcyjna
IndustryShipbuilding
Founded1922
Defunct2009
Headquarters
Gdynia
,
Poland
Key people
Patryk Michalak, Chairman
ServicesShipbuilding
Ship repair
Websitewww.stocznia.gdynia.pl
Gdynia Shipyard

Stocznia Gdynia was a shipyard located in the Port of Gdynia, Poland. It was founded in 1922. It has been in liquidation since 2009 and does not conduct production activities.

In 1970, workers of Gdynia Shipyard rose up against the ruling Polish Communist Party. About 20 people died fighting with army and police in the streets of Gdynia during the Polish 1970 protests. That had a great influence on creating the Solidarity movement in 1980. In 1998 it bought the Gdańsk Shipyard. The current name is Stocznia Gdynia S.A.

History

The shipyard was founded in 1922, initially building small coastal vessels. The construction of its first larger ship, SS Olza, was interrupted by the outbreak of World War II.

During the German occupation, the shipyard was taken over by Deutsche Werke company and used to repair warships. Later in the war it built sections of Type XXI U-boats.

After sustaining bombing damage during World War II the shipyard was rebuilt and expanded. In 1963, its first dry dock was finished, with dimensions 240 × 40 m. A second drydock with dimensions 380 × 70 m was finished in 1976.

In 2000 and 2001, the shipyard received six ship-building orders from Gearbulk Holdings Ltd., three of which were not subsequently fulfilled.[1] The contracts included provision for repayments in the event of each contract being terminated, but a legal dispute arose between Stocznia Gdynia and Gearbulk which centred on whether a purchaser can rely on repayment provisions within a contract at the same time as accepting the repudiation of the contract.[2]

The liquidation

Since March 2009, according to the so-called law "specustawa stoczniowa"[3] was started the process of compensation Gdynia Shipyard, which meant the elimination of legal terms, the total sale of assets yard in the open tender and redundancies involving all employees. The money from the sale will be given to the repayment of the yard's creditors - public and private, and the obligations of public law, including ZUS.

The last launch took place on 25 April 2009,[4] and the dismissal of employees was conducted at the end of May 2009.[5]

The search for an investor

In May 2009, the Stichting Particulier Fonds Greenrights bought key assets of the shipyards of Gdynia and Szczecin, and on June 17 received guarantees of the Arab Bank, Qatar Islamic Bank. The investor had to pay for the assets of Gdynia Shipyard more than 287 million PLN. On June 25, 2009, the Ministry of Internal Affairs and Administration issued a formal agreement on the sale of assets of Stocznia Gdynia SA, necessary for entities outside the European Economic Area. Polish Shipyards Company was registered by the Warsaw court on July 21. Its share capital amounted to 100 000 zł.[6]

References

  1. ↑ England and Wales Court of Appeal (Civil Division), Stocznia Gdynia SA v Gearbulk Holdings Ltd (2009), EWCA Civ 75, published 13 February 2009, accessed 6 March 2023
  2. ↑ Swarbrick, D., Stocznia Gdynia Sa v Gearbulk Holdings Ltd: CA 13 Feb 2009, updated 11 March 2021, accessed 6 March 2023
  3. ↑ "Ustawa z dnia 19 grudnia 2008 r. o postępowaniu kompensacyjnym w podmiotach o szczególnym znaczeniu dla polskiego przemysłu stoczniowego" (in Polish). Dziennik Ustaw. 2008. Retrieved 10 June 2016.
  4. ↑ Patryk Szczerba (April 23, 2009). "Ostatnie wodowanie w Stoczni Gdynia" (in Polish). MMTrójmiasto.pl. Retrieved 10 June 2016.
  5. ↑ Aneta Niezgoda (May 29, 2009). "Stoczniowcy z Gdyni pracują dziś ostatni dzień" (in Polish). MMTrójmiasto.pl. Retrieved 10 June 2016.
  6. ↑ "Nie ma pieniędzy za stocznie. Grad straci stołek?" (in Polish). Money.pl. Retrieved 29 June 2016.


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