Damen Shipyards Group has posted a net loss of 17 million euro for 2018. This is the first time in 15 years that the Dutch shipbuilder has announced losses. Damen reports that its financial situation stems from a sustained period of difficulty in a number of maritime sectors and investments it has made in its future.
Notably, despite rising oil prices, the offshore hydrocarbon sectors continue to present tough trading conditions. The harbour towage sector, a key market for Damen, is also...