Damen Shipyards undervalued its shipbuilding contracts
Damen Shipyards still has to deal with loss-making projects this year. When entering into these assignments, an incorrect or, in retrospect, over-easy assessment of the risks was made, says CEO Arnout Damen. The company will...Read more
Damen delivers Long Range Ocean Patrol Vessel to Mexican Navy
The Secretariat of the Navy of Mexico (SEMAR) has taken delivery of the Long Range Ocean Patrol (POLA) Class vessel ARM Reformador. The POLA 101 is said to be the most technologically advanced vessel in...Read more
German Shipbuilder to Court after Damen Wins Billion Euro Navy Contract
Shipbuilder German Naval Yards and steelmaker Thyssenkrupp have complained about the earlier award of a billion-euro contract from the German navy to a Dutch consortium led by Damen Shipyards. The German companies have ‘serious doubts’...Read more
Shipbuilder Damen Wins German Navy Contract Worth Billions
Dutch shipbuilder Damen Shipyards has won a 5.27-billion euro order from the German navy to build four frigates. The contract for the construction of the naval vessel MKS 180 is the largest purchase of the...Read more