Damen takes control at Magnalia shipyard

Damen Shipyards Group has completed its takeover of Mangalia Shipyard in Romania, previously run by Daewoo Shipbuilding Marine & Engineering (DSME).

In a move that sees a significant move up in size and scale of vessel that Damen can deliver it held a ceremony to mark taking over operations at Managalia shipyard. The yard operated as a joint venture with the Romanian government will be renamed Damen Shipyards Magnalia.

The yard has three drydocks with a total length of 982 metres and 1.6 km of berthing space and gives Damen the ability to move into the construction and conversion of larger, high-end, and complex ferries, and offshore construction vessels.

Read more: Damen moves in the big league acquiring majority stake in Daewoo Magnalia Heavy Industries

“We will face a challenging period, considering the yard’s current condition. However, with the full support of the Romanian Government, 2MMS (2 Mai Magnalia Shipyard) , the shipyard’s experienced workforce, and the local community, Damen aims to restore the financial health of the yard, stabilize employment and pursue fitting commercial opportunities internationally that will contribute to rebuilding activity levels,” said Frank Eggink, cfo of Damen Shipyards.

The Romanina yard will be headed by md Chris Groninger who said: “The impressive shipyard facilities and in-depth shipbuilding knowledge and craftsmanship in Mangalia, in combination with the design and commercial power of Damen, should position the venture for a successful future.”

Posted 23 July 2018

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Marcus Hand

Editor, Seatrade Maritime News

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