11.27.2024

Reff & Associates | Deloitte Legal assisted Damen Galati Shipyard in obtaining EUR25 million financing from Exim Banca Romaneasca, which will be used by the shipbuilder to implement its investment more

11.21.2024

Damen Galati shipyard, controlled by The Netherland’s Damen, has signed a EUR25 million financing agreement with Exim Banca Romaneasca and plans to use the money for investments in expansion and in more

09.27.2024

Damen has signed a contract with the City of Toronto (Canada) for the delivery of two ferries that will carry passengers and vehicles between the downtown Jack Layton terminal and the Toronto Islands, more

09.18.2024

CITR, the court-appointed trustee of Damen Shipyards Mangalia, has had repair contracts signed for two ships and identified the assets that are non-essential for the shipyard’s operation in view of more

05.30.2024

Dutch group Damen Shipyards, which owns 49% in Damen Shipyards Mangalia SA, has requested the bankruptcy of the shipyard amid accumulated debts, with the petition filed at the Constanta Tribunal. more

03.05.2024

Shipyard Damen Galati, held by Dutch Damen Group, ended 2023 with a turnover of EUR115.8 million, more than double on the year, returning in fact to the level recorded in 2021, according to company more

08.04.2023

Dutch group Damen Shipyards, which in mid-2018 entered the shareholding structure of Damen Mangalia shipyard, is calling for the termination of the legal contract related to the functioning of the more

07.03.2023

Damen Galati shipyard, one of the biggest players in the local shipbuilding industry, will design and build four new frigates for Belgium and the Netherlands after winning a new contract. It is worth more

02.22.2023

Dutch-held group Damen Shipyards, which bought into Damen Mangalia shipyard in mid-2018, is repositioning its business strategy to capitalize on its resources and experience in shipbuilding, in order more

09.17.2021

OMV Petrom, the largest energy company in South-Eastern Europe, made the first delivery of liquefied natural gas (LNG) to Damen Shipyards Mangalia, the largest shipyard in South-Eastern Europe. more

09.16.2021

Dutch executive Chris Groninger has stepped down as managing director of the Damen Mangalia shipyard citing personal reasons. He had been in charge of the shipyard since July 2018 and his replacement more

02.18.2021

Romanian state-owned lender CEC Bank has granted a RON60 million loan to Damen Shipyards Mangalia, one of the largest shipbuilders in Europe, operated by Dutch Damen Shipyards Group, to fund current more

10.16.2020

Damen Shipyards Mangalia held by Netherland’s Damen group, ended last year with more than 131 million lei (EUR26.8 million) revenue, an increase of 16% on the previous year, when it posted RON112.6 more

08.05.2020

Dutch shipbuilder Damen is cutting its workforce by 1,050 jobs, mostly in its Galati and Mangalia shipyards in Romania, citing the impact of the coronavirus crisis. more

03.11.2019

Damen Galati shipyard, one of the largest in Romania, ended last year with 481 million lei (EUR101 million) revenue and expects a 56% increase to RON751 million in 2019, its officials say. more

12.13.2018

Mangalia shipyard, the largest shipbuilder in Romania, acquired by Netherlands’ Damen in mid this year and rebranded Damen Shipyards Mangalia, has reached 1,800 employees after having hired 150. more

07.23.2018

The Romanian state has reclaimed the majority stake in the shipyard in Mangalia, with 51%, while Dutch Damen Shipyards Group owns 49%, the Romanian Ministry of Economy said Monday. more

03.22.2018

The Romanian state will become the majority shareholder in the shipyard in Mangalia, with 51%, while Dutch Damen Shipyards Group will own 49%, the Romanian Ministry of Economy said Thursday. more

01.11.2018

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11.14.2017

Romania's antitrust body on Tuesday announced it has cleared the acquisition of a 51% in the Mangalia shipyard by Dutch BV Holding Maatschappij Damen from South Korean group Daewoo. more

11.10.2017

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05.01.2017

Damen Galati shipyard, one of the biggest actors in its industry in Romania, has budgeted investment of 25 million lei (EUR5.6 million) this year, as well as a five-fold increase in net profit and a more

03.07.2017

Damen Galati shipyard of Dutch Damen Group last year posted EUR122 million revenue, an increase of about 16% on 2015, ZF has calculated from the information the company supplied. more

08.20.2014

Netherlands-based Damen, the owner of one of Romania's largest shipyards, says the ship building business is recovering after the economic crisis. more

03.20.2014

The Galati shipyard held by Netherlands-based Damen group will build a cable lay vessel that can be used to deploy the cables connecting wind farms to the power grid. more