Reborn German shipyard Flensburger Schiffbau-Gesellschaft (FSG) has confirmed its first new order since it was bought out of insolvency this year.

The company said new FSG owner Lars Windhorst's IVP Ship Invest has firmed up a €140m ($168m) deal for a 4,007-lane-metre ro-ro and an option for a second.

Delivery of the first 210-metre, 32,770-gt unit is set for April 2022.