SHIPYARD
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Daewoo-Mangalia Shipyard Posted Record-High Loss In 2014, At RON700M
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,...
Norway’s Vard To Build Ship Hull For Farstad Shipping In Romania
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.
Norway's Vard To Build Two Vessels In Romania For Brazil’s Petrobras
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 w...
Orsova Shipyard 1H Loss Widens To RON3.35M
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...
Constanta Shipyard Owner Plans To Return To Profit In 2014
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...
Orsova Shipyard Switches To RON7.8M Loss In 2012
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 valu...
Romania Wants Daewoo To Fund Mangalia Shipyard With $70M
The shareholders of southeast Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, have started negotiations on an increase of share capital, where the South Korean investors would c...