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Damen points to continued shipbuilding opportunity despite registering loss

24th April 2019 - 11:15 GMT | by Richard Thomas in London

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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

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