The two commercial contracts, with intra-Community delivery, were concluded on June 8 and 9, respectively, and the buyers are the companies Rensen-Driessen Shipbuilding B.V. (Netherlands) and TEAMCO Shipyard B.V. (Netherlands).

The two vessels are due to be delivered in 2022, to Rotterdam.

In early June 2021, Santierul Naval Orsova had also concluded two other similar contracts, worth EUR3.6 million, with Dutch company Rensen-Driessen, and the two vessels are due to be delivered in 2022 as well.

Santierul Naval Orsova reported a net profit of RON4.7 million in 2020, up 45.2% versus 2019, and total operating income of RON73 million, up 9.4% from 2019, per ZF calculations based on the company’s preliminary financial report.

Orsova Shipyard, with a market value of RON82 million, is 49.99% owned by SIF3 Transilvania, 28% by SIF5 Oltenia and 13.2% by SIF4 Muntenia.

SNO shares have been trading up 95% since the beginning of 2021, amid deals worth RON1.8 million, per stock market data.