Damen acquires Daewoo’s Mangalia yard

Romania will be home to Damen's two biggest shipyards when the Mangalia deal is completed Romania will be home to Damen's two biggest shipyards when the Mangalia deal is completed

Damen is to acquire a majority share in Daewoo Shipbuilding & Marine Engineering’s Mangalia shipyard in Romania, Daewoo Mangalia Heavy Industries (DMHI).

Damen views the deal as the next step in strengthening its international shipbuilding and ship repair activities. The Mangalia shipyard, located on the Black Sea coast, is spread over an area of 980,000m2. Its three drydocks boast a total length of 982 metres, with 1.6 kilometres of berthing space. The docks, with a width of between 48 and 60 metres, will provide Damen with capacity to cater for the largest maritime vessels and structures.

Damen already owns a shipyard in Romania, in Galati on the banks of the River Danube. It was acquired in 1999 and is currently the group’s largest shipyard. With the Mangalia shipyard, Damen will have its two largest shipyards in close proximity to one another.

The Romanian competition authorities have already approved the envisaged transaction. Damen also reported constructive meetings with the Romanian government in relation to future cooperation in Mangalia and the further development of the Romanian shipbuilding industry.

The shipyard was established in 1997 as a joint venture between Daewoo and 2 Mai Mangalia Shipyard, with Daewoo as majority shareholder.

LATEST PRESS RELEASES

Vickers Oils are pleased to welcome Ian Bower, Business Development Manager and Esther Murray

Vickers Oils are pleased to welcome Ian Bower, Business Development Manager and Esther Murray, Marke... Read more

SHAFT VIBRATION ELIMINATED WITH VESCONITE HILUBE

After replacing the all-rubber cutlass bearing of his new Jeanneau Sun Fast 35 Tide The Knot a frust... Read more

S/V BRYANA COMPLETES 30,000 NM WITH VESCONITE

A mid-ocean loss of steerage due to a faulty rudder bearing wasn't a scenario Luke Fisher wanted to ... Read more

Experts Highlight Viable Power and Propulsion Solutions for Next Generation Vessels

Lithium-ion battery expert Dr John Warner is presenting at the NEXT GENERATION Marine Power & Propul... Read more

AtZ add stabilizer repair and maintenance to their comprehensive portfolio of marine engineering solutions

Customers within the leisure cruise, naval and passenger ferry industries, are heavily reliant on co... Read more

Mercator Media upgrades magazines and conferences brands

February 2018 Fareham UK - Mercator Media Ltd, the international, market-leading B2B marine media bu... Read more

View all