Mediterranean Shipping Co, the world’s largest containerline, is reportedly keen in buying one of Europe’s largest shipyards.
Romanian media reports suggest the Gianluigi Aponte-founded company has contacted the Romanian government expressing an interest in taking over the Mangalia shipyard, previously controlled by Damen, and Daewoo Shipbuilding prior to that. MSC is keen to use the site for constructing cruise ships, ropax vessels, and tugboats. MSC has yet to reply to questions sent by Splash earlier today.
The Mangalia yard, once jointly operated by the Dutch Damen Group and the Romanian state, slipped into insolvency in 2024 after Damen withdrew from the joint venture. In recent weeks, however, activity has resumed at the site. Two vessels are currently under repair, and an additional one is expected shortly. Approximately 800 workers are back on-site.
MSC is not the only player eyeing Mangalia’s strategic facilities. Turkish shipbuilder Desan has also entered into negotiations with Romanian authorities to rent production capacity and labour from the yard.
Despite the revitalised activity, the shipyard’s financials remain dire. According to Romanian business outlet Profit.ro, total creditor claims amount to around $400m.
The yard which boasts three drydocks can trace its origins back to 1976. In 1997, Daewoo Shipbuilding & Marine Engineering (DSME) took it over for a period of 20 years at which point Damen came in.
