Insolvency administrators dealing with the mess left behind in Germany by the insolvency of Genting Hong Kong are seeking buyers for Lloyd Werft, a shipyard owned by the cash-strapped Asian cruise giant.

They couched the sale effort as a way to save jobs at the yard, which employs about 300 personnel in the northern German city of Bremerhaven.

“The common goal is to achieve the best possible purchase price for the owning company and to secure as many jobs as possible for the operating company,” provisional insolvency administrators Christoph Morgen and Per Hendrik Heerma said in a joint statement on Wednesday.