Constanta, Romania (PortSEurope) January 12, 2018 – Romania’s prime minister Mihai Tudose has declared his intention to nationalise the Daewoo-Mangalia Heavy Industries (DMHI) shipyard.
In an interview with the Romanian broadcaster Antena 3, the premier stressed that for the Romanian state it is not possible not to have a shipyard with which to build ships for the Navy and maintain it.
Highlighting that so far the Romanian state has done nothing but sell, Tudose said that now is the time to buy. The prime minister noted that the intention is to exercise the right of first refusal and acquire 51% of the share capital of the DMHI in the hands of the South Korean Daewoo Shipbuilding & Marine Engineering Co. (DSME).
Tudose’s intention clashes with that of the Dutch naval-mechanical group Damen Shipyards, which last November signed an agreement with DSME to buy the share of the South Korean company in DMHI, an agreement that in the following days was authorized by the Romanian competition watchdog.
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