Romanian Daewoo Mangalia To Build 4 Ships In $400M Deal

Southeastern Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, will build four container carriers for Israeli group Ofer Global Holdings, under a $400 million contract, the ship owner announced Thursday.

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The ships will be delivered by the end of 2013, and the contract comes with an option for another four ships.

"The order placed (at DMHI) represents only a part of the $2.4 billion investment operated by Ofer in Central and Eastern Europe, the first binding order of such magnitude in the past three years," Ofer Global Holdings said in a news release.

Ofer Global Holdings is active in international maritime transport and in real estate.

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