The company has not disclosed the name of the beneficiary, though.

Payment conditions envisage an “advance payment of the contract value, based on a bank letter of guarantee for the refund of the advance, and the remaining payment after delivery”.

The delivery date is March 2027.

The company’s shares have added 11% in the past year amid RON91 million capitalization.

Santierul Naval Orsova ended the first nine months of 2025 with RON73.7 million turnover, up 2%, and RON3.6 million net profit, 35% lower than in the year-earlier period.

(English version by Catalina Apostoiu)