Stocznia Gdynia was a

shipyard A shipyard, also called a dockyard or boatyard, is a place where ships are shipbuilding, built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Compared to shipyards, which are sometimes m ...

located in the

Port of Gdynia Port of Gdynia is a Polish seaport located on the western shore of Gdańsk Bay, Baltic Sea, in Gdynia. Founded in 1926, in 2008 it ranked second in intermodal container An intermodal container, often called a shipping container, or a frei ...

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...

. It was founded in 1922. It has been in

liquidation Liquidation is the process in accounting by which a Company (law), company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as :wikt:wind up#Noun, w ...

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 Gdynia is a city in northern Poland and a seaport on the Baltic Sea coast. With an estimated population of 257,000, it is the List of cities in Poland, 12th-largest city in Poland and the second-largest in the Pomeranian Voivodeship after Gdańsk ...

during the Polish 1970 protests. That had a great influence on creating the

Solidarity Solidarity or solidarism is an awareness of shared interests, objectives, standards, and sympathies creating a psychological sense of unity of groups or classes. True solidarity means moving beyond individual identities and single issue politics ...

movement in 1980. In 1998 it bought the

Gdańsk Shipyard The Gdańsk Shipyard (, formerly Lenin Shipyard) is a large Polish shipyard, located in the city of Gdańsk, northern Poland. The yard gained international fame when Polish trade union Solidarity () was founded there in September 1980. It is sit ...

. 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, , 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. 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.

Liquidation

Since March 2009, according to the so-called law "specustawa stoczniowa" 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, and the dismissal of employees was conducted at the end of May 2009.

Investors

In May 2009, the Stichting Particulier Fonds Greenrights bought key assets of the shipyards of Gdynia and Szczecin, and on 17 June 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 25 June 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 The European Economic Area (EEA) was established via the ''Agreement on the European Economic Area'', an international agreement which enables the extension of the European Union's single market to member states of the European Free Trade Asso ...

. Polish Shipyards Company was registered by the Warsaw court on 21 July. Its share capital amounted to 100 000 zł.

References

External links

Gdynia Shipyard website

Presentation The Solidarity Phenomenon
( PL, EN, DE, FR, ES, RU)
Gdynia Shipyard photos
Shipyards of Poland Buildings and structures in Gdynia Vehicle manufacturing companies established in 1922 1922 establishments in Poland Vehicle manufacturing companies disestablished in 2009 2009 disestablishments in Poland {{poland-struct-stub