Charter marketThinius declares itself insolvent

Andreas Fritsch

 · 18.10.2016

Charter market: Thinius declares itself insolventPhoto: Thinius
Logo of the company
The German fleet operator has had financial problems for months. Now the managing director is naming the problem for the first time

After YACHT's first publication about the massive problems at Thinius, various other affected charter clients and agencies contacted the editorial team, essentially confirming the suspicions that had previously emerged: the agency had apparently withheld payments in several cases for ships that it did not have under its own management.

We received reports from the Lemmer base from crews who said they were standing in front of locked doors. No staff were present on the day of handover and there was no prior notification from Thinius that the ships were not available. Other customers awaiting refunds report that payment has still not been received.

In an email dated 18 October to a Dutch agency to which Thinius managing director Andreas Kühn also owes payments, he declared his Spanish company on Mallorca to be insolvent. The editorial team then tried to contact him for a statement as to whether an official insolvency petition had been filed, but no one could be reached today.

As Thinius does not issue security certificates to its direct customers, they now have to worry about their payments being refunded. The extent to which other Kühn companies besides the Spanish company are affected by the insolvency remains unclear for the time being.

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Andreas Fritsch

Andreas Fritsch

Editor Travel

Andreas Fritsch was born in Buxtehude in 1968 and has been sailing since childhood, first in a dinghy and later on his own keelboats on the Elbe and later the Baltic Sea. After studying political science, German and history in Münster, he began working as a journalist and joined the YACHT editorial team in 1997. Since 2001, he has focussed on travel and charter and has travelled to almost all areas of the world and regularly charters in the Mediterranean, with Greece being his favourite area. He has written two cruising guides for the Mediterranean (Charter Guide Ionian Sea and Turkish Coast). In addition to travelling, he is a fan of the Open 60 and Maxi-Tri scene and regularly writes about these topics in YACHT. He has been sailing a classic GRP Grinde on the Baltic Sea for several years.

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