Dec 15, 2025 – German shipbuilder Meyer Werft has signed a contract worth €10 billion ($11.7 billion) with Swiss cruise operator MSC Cruises that will last until 2033, as announced by Economy Minister Katherina Reiche.

During a press conference in Berlin on Monday, Reiche stated, “This agreement covers shipbuilding projects until 2033, along with two optional projects that could extend to 2035. I am very pleased that MSC Cruises is partnering with Meyer Werft.”

The deal is expected to involve the construction of four to six ships, allowing the German shipyard located in Papenburg, near the Dutch border, to operate at full capacity through 2035, according to a statement from the Economy Ministry.

Last year, Germany’s federal government and the state of Lower Saxony each acquired a 40% interest in Meyer Werft, contributing a total of €400 million and providing a loan of €2.6 billion. The company was facing bankruptcy due to the challenges posed by the Covid-19 pandemic and the ongoing war in Ukraine. A restructuring process began in early 2024 and is expected to be completed by the end of 2028, as per the ministry.

Reiche emphasized the government’s commitment to making sure the company is well-positioned and continues receiving support until it is stable and ready to return to the market. She also highlighted the aim of re-privatizing Meyer Werft.