Market leader was again Daewoo-Mangalia Heavy Industries, held by South-Korea’s Daewoo and by the Romanian government, which ended last year with RON2 billion revenue, slightly up on 2015. The shipyard posted RON483 million losses, down from RON515 million the previous year and worked with 2,400 employees, compared with almost 2,600 in 2015, according to Finance Ministry data.
Second leading shipyard was Damen Galati, held by Netherlands-based Damen Group, which posted RON548 million revenue in 2016, up from RON470 million in 2015. The net profit shrank to RON1.1 million from RON25 million in 2015.
Vard Tulcea revenue dropped from RON808 million in 2015 to RON335 million in 2016. The company posted profit, though, RON4.2 million, compared with RON23 million losses in 2015.
Vard Braila, too, posted lower revenue in 2016, RON171 million, compared with RON250 million and RON17 million losses compared with RON1.1 million net profit. It also had fewer employees, 1,390 compared with 1,680 in 2015.
Last year was also not so good for the Constanta shipyard, which ended 2016 with lower revenue, RON136 million, after having posted RON227 million the year before. Profit dropped to RON15 million from RON28 million in 2015, according to Finance Ministry data.
(English version by Loredana Fratila-Cristescu)