The Damen Shipyards Group has decided to enter into an agreement to purchase Daewoo Shipbuilding & Marine Engineering’s (DSME), which is a major stake in Romania-based Daewoo Mangalia Heavy Industries (DMHI).
Intention to boost shipbuilding:
The company has entered into an agreement for an undisclosed amount to boost its global shipbuilding and ship repair activities, as well as to complement its current shipyard portfolio. The arrangement was put in place after getting a green signal from the Romanian competition authorities.
The deal is expected to help Damen serve its existing clients more efficiently and open up new opportunities for expansion.
The DMHI was initially formed in 1997 as a joint venture (JV) between DSME and 2 Mai Mangalia Shipyard.
Shipyards owned by Damen:
The yard owned by Damen comprises more than 980,000m² of space on the Black Sea coast and is equipped with three drydocks, featuring a total length of 982m and 1.6km of berthing area. The drydocks are measured between 48m and 60m in width, which will enable the company to serve some of the largest maritime vessels and structures in operation.
Currently, Damen has shipyards in Galati, Romania, and holds constructive meetings with the Government of Romania regarding future cooperation in Mangalia and the further development of the Romanian shipbuilding industry.
Previously in June, Damen Shipyards Group unit Damen Shiprepair & Conversion had acquired Keppel Verolme shipyard in The Netherlands from Keppel Offshore & Marine. The Keppel Verolme yard boasts of three dry docks, including one facility measuring 405m by 90m, with almost 2 km of quay capacity.
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Source: Damen
