Romania’s Orșova Shipyard set to build two river vessels after EUR 8.5 mln deal with Dutch company
<p>The publicly-traded Romanian shipbuilder Orșova Shipyard, BVB ticker symbol SNO, partially owned by Longshield Investment, recently secured two significant contracts with Rensen-Driessen Shipbuilding B.V. from the Netherlands. </p>
<p>As per the contracts, the Romanian shipyard will construct and deliver two river vessels with a combined value of EUR 8.58 million. The delivery dates are set for April 1 and August 1, 2026, at the Rotterdam port, according to <a href="https://www.zf.ro/zf-24/bursa-santierul-naval-orsova-longshield-investment-actionariat-22540373">Ziarul Financiar</a>.</p>
<p>The value of the deal closely matches Orșova’s revenue for the first half of 2024, which saw a 24% increase year-on-year to RON 54.7 million. The company’s operating income also rose by 24.4% to RON 55 million, attributed largely to their production program in the first half of 2024.</p>
<p>Despite increased operational expenses of RON 49 million (+12.18% YoY), Orșova reported a significant rise in net profit, reaching RON 5 million compared to RON 506,386 in the first half of 2023. Orșova Shipyard’s stock saw a year-to-date growth of 42% driven by its recent performance.</p>
<p>Earlier in the summer, the shipyard <a href="https://www.romania-insider.com/romania-orsova-shipyard-contract-river-boat-dutch-company-2024">signed</a> an EUR 4 million contract with the same client for constructing and delivering a river vessel by March 31, 2025.</p>
<p><em><a href="mailto:radu@romania-insider.com">radu@romania-insider.com</a></em></p>
<p><em>(Photo source: Bogdanel Vacarciuc | <a href="https://www.dreamstime.com/">Dreamstime.com</a>)</em></p>