Mangalia shipyard is intended to support construction of two 96-metre patrol vessels and two 43-metre diver support vessels. Rheinmetall expects the joint acquisition to close within weeks.
Rheinmetall has acquired Romania’s Mangalia Shipyard for €138.03 million after four failed auctions, with plans to restart operations and support a €920 million naval construction programme.
Romania destroyed an explosive maritime drone near OMV Petrom’s Neptun Deep gas platform in the Black Sea, roughly 150 km east of Constanța.
NKT Eleonora has departed VARD Shipyards Romania in Tulcea for VARD Brattvaag in Norway, where the cable-laying vessel will enter its next construction phase.
OMV Petrom and ROMGAZ have completed installation of the 16,500 t Neptun Alpha platform for the Neptun Deep gas project in Romania’s Black Sea, with production planned for 2027.
Mangalia shipyard’s bankruptcy manager will reopen the Romanian yard’s sale on 29 July 2026 at EUR 184 million, with creditors including Damen seeking a single-package asset sale.
NKT has launched the hull of NKT Eleonora at Vard’s Tulcea yard in Romania, moving the 23,000-tonne cable laying vessel into outfitting as offshore wind installation demand stays firm in Europe.
Mangalia Shipyard is entering bankruptcy proceedings after creditors rejected its reorganization plan, prompting a court process that will lead to liquidation steps.
Bursa.ro reported that Romania is preparing a potential full takeover of Damen Mangalia and could shift the shipyard toward military production under the EU’s SAFE mechanism, with Rheinmetall seen as a possible future participant.
