New Szczecin Shipyard feels all at sea over dealings with receiver

While the receiver is demanding payment of almost zł.300 million, SSN claims it can pay no more than zł.100-120 million. "The receiver should satisfy the creditors, while the shipyard should purchase assets, as it would facilitate the carrying out of contracts," said Arkadiusz Krężel, president of the Industrial Development Agency (ARP). Krzysztof Piotrowski, president of PH, believes that these problems are designed to impede his plans to appeal against the bankruptcy of PH and the 'old' shipyard. Consequently, it is somewhat difficult to say whether a solution will be found that will be acceptable to all its creditors. (Puls Biznesu, pp. 1, 5) M.M.