Mangalia to sign deal with Hamburg Sud

Romanian shipyard Daewoo Mangalia Heavy Industries (DMHI) will sign on Friday a deal worth more than $500 million with German Hamburg Sud to build six 5,200TEU container ships.

DMHI is in talks with another German company, Gebab, to build four container ships in a deal worth up to $260 million. The yard also working on a separate $200 million contract with Gebab for the delivery of four container ships.