Romanian Yard Close To Contracts

Thursday, March 16, 2000
Romanian Black Sea shipyard Santierul Naval Constanta reportedly is close to clinching shipbuilding contracts worth the equivalent of $32 million with two big German companies this year. The yard was expected to sign a contract worth $20 million with Ferrostaal Essen and another $12 million contract with Thyssen-Krupp group. The shipyard, slated for selloff later this year and needing an annual $50 million in contracts to operate properly, has so far secured orders totaling $20 million.

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