Damen’s new Mangalia-based shipyard is located at the Black Sea coast and has three drydocks with a total length of 982m and 1.6km of berthing space. Credit: Damen Shipyards Group.

Damen Shipyards Group has completed the acquisition of Daewoo Shipbuilding & Marine Engineering’s (DSME) majority stake in the Mangalia shipyard, Romania.

The acquisition is based on a share purchase agreement reached between Damen and DSME in November last year.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Formerly known as Daewoo Mangalia Heavy Industries (DMHI), the newly acquired shipyard is situated on the Black Sea coast and has three drydocks with a total length of 982m and 1.6km of berthing space.

The shipyard will be renamed as Damen Shipyards Mangalia and will operate as a joint venture between Damen and the Government of Romania.

Damen will assume operational control of the yard, which comprises 48m and 60m wide docks that are capable of handling larger maritime vessels and structures.

“Damen aims to restore the financial health of the yard, stabilise employment and pursue fitting commercial opportunities internationally.”

Sprawling across an area of around 1,000,000m², the shipyard is the largest of its kind within the portfolio of Damen Shipyards Group.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Damen Shipyards Group executive board member and chief financial officer Frank Eggink said: “We will face a challenging period, considering the yard’s current condition.

“However, with the full support of the Romanian Government, 2MMS, the shipyard’s experienced workforce, and the local community, Damen aims to restore the financial health of the yard, stabilise employment and pursue fitting commercial opportunities internationally that will contribute to rebuilding activity levels.

“In the meantime, Damen will facilitate a smooth transition and keep talented and skilled resources meaningfully employed.”

Damen said that the deal represents a ‘strategic complement’ to its existing shipyard portfolio and may use the new yard for the construction and conversion of larger, high-end, and complex ferries, offshore construction vessels, among others.

Ship Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Ship Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
From automated chartering invoices to EU ETS and CII management, Ankeri Solutions’ maritime SaaS platform has earned three Ship Technology Excellence Awards for 2025. See how Ankeri is helping shipowners and charterers boost efficiency, cut emissions, and collaborate better across complex global fleets.

Discover the Impact