Company Research Report: Damen Shipyards Group

Company Overview

Name: Damen Shipyards Group

Mission: Connecting your world with our passion for vessels.

Founded By: Jan and Rien Damen

Founded: 1927

Key People:

Arnout Damen, CEO (since 2020)

Headquartered: Gorinchem, The Netherlands

Number of Employees: 12,500

Revenue: €3.1 billion (2023)

Known For: Damen is an international shipyard group known for its standardised shipbuilding in series and a comprehensive portfolio of maritime services with a strong focus on sustainability, digitalisation, and operational excellence.

Products

Description:
Damen offers a wide range of vessel types catering to various markets, characterized by standardisation, high-quality craftsmanship, and low total cost of ownership.

High-Level Description:

Harbour & Terminal: Tugs, workboats, pilot boats.

Offshore Energy: Vessels for oil and gas, renewable energy.

Dredging: Dredgers and support vessels.

Public Transport: Ferries and water taxis.

Defence & Security: Frigates, patrol vessels, naval support ships.

Aquaculture: Fish farming vessels.

Fishing: Commercial fishing vessels.

Inland Shipping: Cargo vessels, tankers.

Yachting: Luxury yachts.

Key Features:

Fuel Flexible Tugs: Designed to operate on various fuels with reduced emissions.

Service Operations Vessel (SOV) E with Offshore Charging: Supports offshore wind farms with an emphasis on sustainability.

Recent Developments

Recent Developments:

12 AUG 2024: Contract signed with COTECMAR for the construction of a frigate for the Colombian Navy.

5 AUG 2024: Signed agreement with the Lithuanian Ministry of National Defence for ASD Tug 3010.

2 AUG 2024: Reported record revenue and order book for the year.

New Products Launched:

Damen Multi Cat 3713: Launched by Van Wijngaarden Marine Services.

New Partnerships:

Strategic Partnership: Agreement with South Africa’s Department of Trade, Industry, and Competition.

Innovations:

Zero Emissions Multi Cat: Introduction of new environmentally friendly vessel.

Connected Vessel Platform Triton: Next step in maritime digitalisation.

Additional Information

Sustainability:

Sustainability Strategy: Focused on sustainable solutions, sustainable operations, and sustainable organisation.

Sustainability Pillars: Aligned with UN Sustainable Development Goals.

Compliance:

Code of Conduct: Adheres strictly to legal and ethical standards including anti-bribery, corruption, and ethical conduct.

Research & Development:

Innovation Areas: Hydromechanics, structures & production, mechanics & systems, electrification, automation, sound & vibration.

Collaborative Projects: Engaged in multiple European and NWO projects like Valid III, Zero, Wageningen TT series.

Sponsorship:

Focused Areas: Maritime world, cultural heritage, social activities, team spirit, and healthy living.

Conclusion

Damen Shipyards Group remains a key player in the maritime industry through its commitment to sustainability, innovation, and customer-centric approaches. With a growing portfolio and strategic partnerships, the company continues to lead in maritime solutions globally.