06.26.2018

Norwegian group Vard, controlled by Italy's Fincantieri, secured a contract of more than EUR520 million (NOK5 billion) to build three coast guard vessels for the Norwegian Defence Materiel Agency. 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

02.19.2018

The administrators of Romanian shipyard Santierul Naval Orsova (SNO.RO) have validated three construction contracts worth a total EUR5.3 million with delivery in The Netherlands. more

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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08.17.2017

Vard Tulcea shipyard, one of the largest in Romania, brought 40 welders and locksmiths from Poland who will work at its site for two or three months until it can import labor from Vietnam. more

07.04.2017

Korean Daewoo Shipbuilding & Marine Engineering will sell off its subsidiary Mangalia Shipyard in Romania to a Dutch shipbuilder, The Korea Economic Daily reported. more

06.16.2017

Vard Tulcea shipyard, one of the largest in Romania and the biggest employer in Tulcea County will bring 300 welders and locksmiths from Vietnam to offset the shortage thereof, as the shipyard is more

06.12.2017

The five largest shipbuilders in Romania, Daewoo-Mangalia Heavy Industries (DMHI), Damen Galati, Vard Tulcea, Vard Braila and Constanta shipyard, posted 3.2 billion lei (EUR715 million) revenue more

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

08.25.2016

Romanian state-owned company Santierul Naval 2 Mai (STNM.RO), partner of Korean group Daewoo within shipyard Santierul Naval Mangalia, reported a net profit of RON264,000 in the first half of 2016, up more

09.30.2015

The ship exports of Romania’s shipyards rose 23% to EUR346.1 million in the first half, according to the National Statistics Institute data. more

09.02.2015

Romanian Constanta shipyard (SNC.RO), owned by businessman Gheorghe Bosanceanu, switched to operating losses of 0.8 million lei in the first semester, from a net profit of RON5.5 million during the more

08.13.2015

Romanian shipyard Santierul Naval Orsova (SNO.RO), majority owned by three of the five SIFs, accomplished only 75% of the sales forecasted in the first semester, as one of the four ships built in more

07.27.2015

Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, may be closed down on record high losses worth $2.5 billion posted by its majority stockholder, Korean group Daewoo more

06.09.2015

Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, posted a record high loss of 700 million lei (EUR157.6 million) in 2014, seven-fold higher from a year before, according more

05.12.2014

Romanian shipyard Santierul Naval Orsova (SNO.RO) Monday said it registered profit of nearly 1.2 million (EUR263,000) in the first quarter of 2014, compared to loss of RON2.3 million in the same more

08.25.2013

Norway’s Vard Holdings Limited will build a EUR100 million ship for Norwegian group Farstad Shipping and the hull will be constructed at a shipyard in Tulcea, southeastern Romania. more

08.16.2013

Norwegian shareholders of the shipyard in Tulcea, southeastern Romania, secured a contract worth $1.1 billion whose ultimate beneficiary is Brazilian state-run oil giant Petrobras, a group with annual more

08.12.2013

Romanian shipyard Santierul Naval Orsova (SNO.RO) reported loss of 3.35 million lei (EUR0.75 million) for the first half of 2013, from loss of RON0.385 million in the similar interval a year ago. more

06.27.2013

The management of the Constanta Shipyard, which is controlled by Romanian businessman Gheorghe Bosinceanu and still affected by the worldwide crisis in its industry, expects it to return to profit more

03.08.2013

Romanian shipyard Santierul Naval Orsova (SNO.RO) Friday said it switched to loss of 7.8 million lei (EUR1.7 million) last year, versus profit of RON0.4 million in 2011, following asset value more

11.12.2012

Romanian shipyard Santierul Naval Orsova (SNO.RO) on Monday reported a 11% increase in revenues to 52.9 million lei (EUR11.9 million) and a 48% rise in net profit to RON891,000 on the year in the more

08.10.2012

Romanian shipyard Santierul Naval Orsova (SNO.RO) on Friday reported a net profit of 53,000 lei (EUR11.699) in the first semester of 2012, 10-times lower from RON545,000 during the same period a year more