Damen Mangalia Signs to Repair Two Ships Despite Insolvency

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Damen Shipyards Mangalia (DSMa), one of the most important players in the Romanian naval industry, has recently signed contracts for the repair of two ships, even though it has been in insolvency proceedings since June. Repair work on the two ships will begin by the end of September 2024 and will be carried out simultaneously for one month.

“These works are a promising first step for the recovery of the company and together with the other measures undertaken under the guidance of the receiver, they give DSMa a real chance to reach profitability”, say the company’s representatives, in a statement.

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