Wedoany.com Report-Jun 13, Mediterranean Shipping Co (MSC), the world’s largest container shipping company, has expressed interest in acquiring the Mangalia shipyard, one of Europe’s largest shipbuilding facilities, according to Romanian media reports. Founded by Gianluigi Aponte, MSC has reportedly reached out to the Romanian government to discuss taking over the shipyard, previously managed by Damen and Daewoo Shipbuilding. The company aims to utilize the site for building cruise ships, ropax vessels, and tugboats.

Located in Romania, the Mangalia shipyard, once a joint venture between the Dutch Damen Group and the Romanian state, faced financial difficulties, entering insolvency in 2024 after Damen’s withdrawal. Recently, the yard has seen a revival, with two vessels currently under repair and another expected soon. Approximately 800 workers have returned to the site, signaling renewed activity.

MSC is not the only company interested in Mangalia’s strategic assets. Turkish shipbuilder Desan has also initiated talks with Romanian authorities to lease production capacity and workforce from the shipyard. Despite the uptick in operations, the yard’s financial challenges persist, with creditor claims totaling around $400 million, as reported by Romanian outlet Profit.ro.

The Mangalia shipyard, established in 1976, features three drydocks and has a significant history. Daewoo Shipbuilding & Marine Engineering (DSME) operated it from 1997 for 20 years before Damen took over. A spokesperson for the shipyard noted: “The recent return of workers and vessel repair activities marks a positive step toward revitalizing Mangalia’s operations.”

The potential acquisition by MSC could enhance the shipyard’s role in constructing advanced vessels, supporting the maritime industry’s demand for cruise ships and specialized vessels. A Romanian industry representative commented: “Mangalia’s strategic location and infrastructure make it an attractive asset for global shipbuilding leaders like MSC and Desan.”

The interest from MSC and Desan underscores Mangalia’s value as a key shipbuilding hub in Europe. As negotiations progress, the shipyard’s future may hinge on securing stable financial backing and operational partnerships. The ongoing revival of activities at Mangalia offers hope for its recovery, potentially positioning it as a vital contributor to Romania’s maritime economy and global shipbuilding markets.