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12 October 2026

Two European shipyards find new owners after years of turmoil

Downunder Voices Newsroom

Source reporting: Splash247

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Two European shipyards find new owners after years of turmoil

Two of Europe’s best-known shipyards are heading into new ownership, with Germany’s Rheinmetall taking over Romania’s Mangalia facility and Turkey’s Kuzey Star Shipyard selected to acquire Croatia’s Uljanik Brodogradnja 1856. German defence giant Rheinmetall has secured the Mangalia shipyard for €138m ($160m), winning an auction organised by court-appointed liquidator CITR on Friday. The Black Sea …

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