Damen Starts Operations at Damen Shipyards Mangalia
- Business & Finance
To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen has held a ceremony at the yard on Monday.
The celebrations mark Damen’s completion of the transaction with Daewoo Shipbuilding & Marine Engineering (DSME) for the Mangalia shipyard, formerly known as Daewoo Mangalia Heavy Industries (DMHI).
The yard, which will be renamed Damen Shipyards Mangalia, will be operated as a joint venture with the Romanian Government. Damen will assume operational control.
The yard is located on the Black Sea coast, has three drydocks with a total length of 982 meters and 1.6 kilometers of berthing space. The docks, with a width of 48 and 60 meters, will provide Damen with capacity to cater for larger maritime vessels and structures.
The celebration introduced the Damen Shipyards Mangalia management team under the leadership of managing director Chris Groninger to the yard’s employees.
Damen Shipyards Group executive board member Eggink, CFO, said, “We will face a challenging period, considering the yard’s current condition. However, with the full support of the Romanian Government, 2MMS, 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. In the meantime, Damen will facilitate a smooth transition and keep talented and skilled resources meaningfully employed.”
According to the newly appointed managing director of Damen Shipyards Mangalia, Chris Groninger, “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.”