Turkish Desan in Talks to Acquire Romanian Shipyard

as an interim solution, enabling the shipyard to maintain some level of operation during these challenging times. Desan Shipyard , a family-run business from Turkey, posted revenues of USD 431 million in 2024 and employs over 1,000 people. Despite the ambitious expansion goals, their existing shipyard in Tuzla operates on a much smaller scale compared to the expansive Mangalia site. The Mangalia shipyard's woes are compounded by significant financial claims. Damen is seeking EUR 140 million pursuant to outstanding debts, as well as the return of a EUR 200 million advance. With around 1,000 workers currently idle and further layoffs occurring, the future of the shipyard remains precarious. Formerly a bustling facility, Mangalia now faces daunting financial and operational challenges. The involvement of Desan Shipyard may provide a necessary lifeline, provided negotiations yield a sustainable agreement.