August 22, 2008

Aker to sell Tulcea and Braila shipyards

Business Standard daily recently reported that Norwegian group Aker Yards is involved in ongoing negotiations for the sale of its Offshore & Specialized Vessels division, which owns two Romanian shipyards, based in the cities of Tulcea and Braila.

The sale is likely since Aker Yards’ new majority shareholder, Korean group STX Shipbuilding, is mainly focused on building cruise and transportation ships and ferries.

Mr Dumitru Ivanov GM of Aker Tulcea’s said the sale is likely to happen in 2008. The decision will be made this year by the Norwegian management.

STX Shipbuilding became main shareholder of Aker Yards last year and launched a rebranding process for the Norwegian group, including changing the name of the company and shipyards it controls.