Deutschland's administrator optimistic after talks with potential investors

Administrator Reinhold Schmid-Sperber said he was optimistic following the first negotiations with potential investors. Alternatively, the ship and company could also be sold to a buyer he remarked.

The situation was explained to the ship’s crew at a meeting held onboard last weekend. Their wages have been secured by the German Federal Employment Agency until next January.

The ship is currently sailing its last itinerary prior to a long-scheduled drydocking and overhaul later this month.

MS Deutschland Beteiligungsgesellschaft mbH is  undergoing regular insolvency proceedings following the granting of an application submitted to  the Eutin District Court.

Schmid-Sperber, Kiel-based attorney of the Reimer Rechtsanwälte law firm, has been appointed administrator while Wolfram Günther continues as managing director.