SHIPYARDS
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Companies
Norway’s Vard Group Merges Shipyards In Braila, Tulcea Into A Single Company, With Over 5000 Employees
Norway’s VARD Group, one of the major global designers and shipbuilders of specialized vessels, will integrate the shipyards in Braila and Tulcea into a single administrative entity, starting June 30, 2021.
Companies
Orsova Shipyard: 47% Of Production Will Go To Dutch-Held Damen
Romanian shipyard Santierul Naval Orsova (SNO.RO), controlled by three of the five SIFs, expects 20% revenue growth this year amid rising ship production and wider client base.
Companies
Dutch-Held Damen Delivers EUR30M Worth Of Ships From Galati, Romania, In 1H
Netherlands-based Damen, the owner of one of Romania's largest shipyards, says the ship building business is recovering after the economic crisis.
Companies
Shipyards Return To Profit Despite Lower Turnovers
Romania’s ten largest shipbuilders last year posted overall net profit of EUR3 million, after having reported total losses of EUR108 million a year ago, according to a ZF analysis based on F...