MSC Seeks Management of Mangalia Shipyard for Expansion into European Shipbuilding and Repair

take over management at the Mangalia site. However, the company faces competition from Turkey's Desan Shipyard , which is also keen on utilizing the shipyard’s production capabilities. MSC Shipmanagement’s CEO, Prabhat Kumar Jha, outlined the company’s interest in a letter, highlighting the potential for future shipbuilding projects specifically in the area of cruise ships, ro-pax vessels, and tug boats. Damen Shipyards Mangalia, currently under insolvency with debts over $425 million, is partially owned by the Romanian state and the Dutch company Damen, which holds a 49% interest. The shipyard, operating with a diminished workforce of 800 employees, resumed activity in May after a period of financial instability. With its new strategic interest, MSC aims to leverage the yard for maintenance and repair, aligning with its existing European facilities in Antwerp and Naples. Source: https://www.tradewindsnews.com/shipyards/gianluigi-aponte-s-msc-breaks-new-ground-with-bid-for-bankrupt-romanian-shipyard/2-1-1831320