Shipyard changes name

Paul Boughton
The Swedish shipyard Götaverken Cityvarvet is now changing its name to Damen Shiprepair Götaverken. Since 2000, the company has been part of the global Damen Shipyards Group, which is based in the Netherlands and has a turnover of 1.3 billion euro.
Damen Shipyards Group has more than 35 shipyards and related companies around the world, eight of which are dedicated to repairs, conversion and maintenance. Götaverken is the third largest of those eight. The company is one of the largest specialist ship repair yards in northern Europe.
The new strategy has also led Damen Shiprepair Götaverken to buy up both floating docks they have been using, as well as refurbishing and making new investments at the facility in the Port of Gothenburg.

The offshore industry does not seem to have been hit so hard by the economic downturn, which is partly reflected in Damen’s increased order book for offshore (wind) vessels. This goes especially for Fast Crew Suppliers, Twin Axe support vessels (able to transfer crew onto wind turbines in 2.5 m wave height) and PSV’s. Therefore, Damen Shiprepair Götaverken expects to see increased revenues from the Norwegian and Scottish offshore industry over the next two or three years.
Damen Shiprepair Götaverken currently employs 130 people and has a turnover of SEK 300 million. Profits have generally shown an upward trend over the last five years, despite a slump in 2011 that was mainly due to the faltering market. Götaverken was founded back in 1841 under the name of Göteborgs Mekaniska Verkstad. Since the shipyard reopened in 1993 – with around 70 employees – it has completed over 1,000 contracts for the repair, maintenance and refitting of various vessels.
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