Damen points to continued shipbuilding opportunity despite registering loss
As Damen Shipyards Group announced on 18 April a net loss of €17 million ($19 million) for 2018, due in part to ‘lower than usual levels of activity’ at its naval division, the company moved to put a positive outlook on future shipbuilding opportunities.
The announcement last week details a number of challenges for the company, including reduced activity at Damen Schelde Naval Shipbuilding and the ongoing delays for the German MKS 180 future surface combatantand Netherlands’ submarine replacement programmes key in this regard.
In a statement the group’s CEO, Réne Berkvens, said that ‘despite significant investment, over a sustained
Already have an account? Log in
Want to keep reading this article?
You may also like
More from Naval Warfare
-
![Hanwha Ocean and TKMS are firming up their Canadian next-gen submarine proposals]()
Hanwha Ocean and TKMS are firming up their Canadian next-gen submarine proposals
CPSP competitors are proposing platforms fitted with advanced, next-generation capabilities to be built and sustained in cooperation with the Canadian industry.
-
![UK’s $1 billion AUKUS support request signals strong ongoing US collaboration]()
UK’s $1 billion AUKUS support request signals strong ongoing US collaboration
The latest foreign military sales request from the UK has implications for the future of the programme and collaboration between the three nations.
-
![US Coast Guard prepares acquisition process of up to seven light icebreakers]()
US Coast Guard prepares acquisition process of up to seven light icebreakers
The USCG plans to award a contract this year for the construction of Homeland Security Cutters. The new vessels will replace the 60-plus-year-old fleet of Light Icebreaking Tugs.
-
![RTX Raytheon enhances SM-3 and SM-6 production capacity]()
RTX Raytheon enhances SM-3 and SM-6 production capacity
The expansion of the Redstone facility in Alabama will enable Raytheon to increase production of Standard Missiles in the location by 50% and support Washington in refilling stockpiles after recent operations have depleted the Pentagon’s reserves.
-
![What the rise of interoperability between Western allies means for defence procurement]()
What the rise of interoperability between Western allies means for defence procurement
Major naval initiatives including the European Patrol Corvette programmes and Norway’s UK partnership-focused purchase of Type 26 frigates point to the growing interest in the advantages of commonality across allied navies.
