Gdansk Shipyard syndic: 'Situation is far better'

"The situation is far better than even two days ago," said Wiercinski. He said the shipyard would either be sold to a strategic investor this year-the sale tender was announced yesterday in daily Rzeczpospolita and London-based Lloyd's List-or it will follow the government rescue scenario with the Gdansk facilities to be used by the successful Szczecin Shipyard to construct five vessels for the Polish merchant fleet Polska Zegluga Morska. Cimoszewicz also announced that bank Pekao S.A. will grant the Gdansk Shipyard a loan, which will be guaranteed by the government, to complete a vessel currently under construction in the yard, with approximately 800 workers needed for the project. (Rzeczpospolita, page 1)