By | 2018 Newsletter week 30 | No Comments

Mangalia Shipyard Will Give Damen Shipyard Group The Possibility To Build Large Ferries

It is a major thing for the Dutch shipyard group Damen: the Mangalia shipyard, formerly known as Daewoo Mangalia Heavy Industries (DMHI) will be operated as a joint venture with the Romanian Government. Damen will assume operational control. The yard, located on the Black Sea coast, will be renamed Damen Shipyards Mangalia. This move represents a strategic complement to Damen’s current shipyard portfolio, with the possibility for the construction and conversion of large and complex ferries,   There are three drydocks with a total length of 982m and 1.6km of berthing space.


By | 2018 Newsletter Week 12&13 | No Comments

Damen Shipyards Group completes negotiations with the Romanian Government on the Mangalia shipyard

Negotiations between Damen Shipyards Group and the Romanian Government on the Mangalia shipyard were completed on March 21.
Currently Daewoo Shipbuilding & Marine Engineering (DSME) owns 51% of the shares in the yard. On November 10, 2017, Damen signed a share purchase agreement for the acquisition of DSME’s shareholding in DMHI, subject to the Romanian Government’s pre-emption right.
Following productive and conclusive negotiations on long-term strategic partnership with senior officials of the Romanian Government, the waiver of the pre-emption right is expected to be made public by the end of March. Subsequently, the successful completion of the transaction is expected shortly thereafter.

Photo: Scandlines