Aker’s shipyards in Romania post €4 mln in losses

The two shipyards are expecting better results this year, namely €4 mln in profits each, and an increase in business of up to 15 percent year-on-year, company representatives told Business Standard.

Aker Tulcea posted some €130 mln in turnover, while Aker Braila reported business worth €80 mln.

The shipyards will be subject to several changes this year. The Aker Yards group will undergo a rebranding process in spring 2008, which will include a name change for both Romanian yards. Furthermore, several Aker Tulcea specialists are to be sent to Vietnam, where the group is building a shipyard.

The Romanian shipyards enjoyed a construction boom in the past few years and are expected to work at full capacity by 2010-2011. The market is forecast to be worth €1 billion this year.