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?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Naval Warfare
-
![Brunei receives a first ex-Singaporean patrol vessel]()
Brunei receives a first ex-Singaporean patrol vessel
Singapore has donated two of its former patrol vessels to Brunei, with the first being commissioned on 21 March.
-
![Singapore selects Saab and ST Engineering for Multi-Role Combat Vessel]()
Singapore selects Saab and ST Engineering for Multi-Role Combat Vessel
Singapore is proceeding with a new class of warship to replace its Victory-class corvettes.
