South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) is to increase its investment in Romania.
It is the majority shareholder in the Daewoo-Mangalia Heavy Industries.
The other shareholder is the Romanian state.
For its share of the increased investment, the country’s president, Traian Basescu, announced that it would provide development land for shipyard expansion.
The shipyard specialises in containerships and bulkers. Its current orderbook contains four 8,600-teu boxships and six post-panamax bulkers.
Published : August 16, 2011
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