SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Latest in Economy
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
SEE TOP 100
arrow
Browse SEE TOP 100
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Get your free Basic subscription now and gain instant access to more
SIGN UP
arrow
LOGIN
arrow

Romania’s Orsova shipyard signs 1.6 mln euro deal with local client

Dec 8, 2022, 2:32:14 PMArticle by Bogdan Todasca
share
December 8 (SeeNews) - Romanian shipyard Santierul Naval Orsova [BSE:SNO] said it has signed a 1.55 million euro ($1.63 million) contract, VAT excluded, with local company Black Sea Offshore Centre (BSOC) for the construction and delivery of a non-propelled pontoon technical river vessel.

Romania’s Orsova shipyard signs 1.6 mln euro deal with local client

Santierul Naval Orsova must build and deliver the ship to the buyer by April 1, the shipyard said in a statement filed with the Bucharest Stock Exchange on Wednesday.

Under the contract, Black Sea Offshore Centre must make an advance payment, with the full amount to be delivered upon the ship’s arrival at the place of delivery.

In February, the Orsova shipyard signed two contracts with a total value of 6.3 million euro for the delivery of river vessels to Dutch company Gebr.DE JONGE Shipbuilding Services B.V.

BSOC provides integrated engineering, procurement, construction and installation (EPCI) services to marine and offshore industries, particularly in Europe.

Transilvania Investments Alliance is Santierul Naval Orsova’s main shareholder, with a 49.99% stake, followed by SIF Oltenia with 28.02%, SIF Muntenia with 13.17%, and other shareholders with the remaining 16.46%.

In 2021, Santierul Naval Orsova booked a net profit of 153,870 lei (31,283 euro/$32,853) and turned over 74.4 million lei while employing 359 people, data from the finance ministry’s website shows.

Santierul Naval Orsova shares traded 0.85% higher at 5.95 lei as of 1014 CET on Thursday on the Bucharest Stock Exchange.

($=0.9522 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.