A real bargain... Repair and modernisation of German naval training vessel "Gorch Fock" (IMO 5133644) will cost up to 135 m according to sources of the German Ministry of Defence.
Since January 2016 the 60-year-old ship is under repair at Elsflether Werft on the Hunte river, but work on the ship was stopped by order of the Ministry of Defence in January 2018 when it became obvious that costs would be much higher than anticipated. But as 45 m already have been spent and another 25 m are stipulated by contract the Ministry now decided to let the work continue.
The shell plating will have to be exchanged almost completely, upper deck and tween deck will be replaced, the engine has to be overhauled...
A new building was considered, but this would have meant the loss of the already invested 70 m. Also a new ship wouldn't have entered service until 2025(!).
Now "Gorch Fock" is scheduled to re-enter service in the first half of 2019...