Pause operations: company temporarily curtailing operations while keeping return options open

Leave Suspension

The Damen Group (Damen Holding B.V.) is a Dutch defence, shipbuilding, and engineering conglomerate company based in Gorinchem, South Holland, the Netherlands. Though it is a major international group doing business in 120 countries, it remains a private family-owned company.

Pause operations: company temporarily curtailing operations while keeping return options open

Leave Suspension
Revenue(RF), mln.USD
18
Assets(RF), mln.USD
12
Capital(RF), mln.USD
1
Staff(RF), 2021
30

Stop supplying ships to Russia, halt new contracts.

The Company Statement
March 06, 2022

Damen halts delivery of newbuilds to Russia. The Netherlands’ largest shipbuilder is suing the Dutch government for losses inflicted on its business by sanctions against Russia, a rare instance of a European company taking its grievances to court over the corporate fallout from the invasion of Ukraine. “Before the sanctions, Damen had signed contracts with Russian ship buyers, and after the invasion of Ukraine the Dutch government decided that such contracts may not be honored by the Dutch business community.”

October 04, 2023Damen Shipyards sues Dutch government over lost Russian vessel orders
October 03, 2023Largest Dutch Shipbuilder Sues Government Over Russia Sanction Losses
October 03, 2023Shipbuilder Damen sues Dutch government over Russia sanctions
March 06, 2022Shipbuilding company Damen stops supplying Russia with ships
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner