Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58
Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58 million euros). The order book was filled with a record USD$6.83 billion (5.9 billion euros) in new orders, rising to USD$12 billion (10.4 billion euros).
In 2024, Damen delivered no fewer than 146 new vessels to clients. This included the Volta 1 and the Bu Tinah. The former is Europe's first fully electric tug, which has been put into service by the Port of Antwerp-Bruges in Belgium. The Bu Tinah is the first fully electric tug delivered in the United Arab Emirates and deployed by SAFEEN Marine Services.
World leader in tug market
At its ship repair yards, the number of completed orders in 2024, at nearly 1,200, was virtually the same as in 2023. In terms of newbuilds, tugs remain the largest category, with more than 60 delivered to clients last year, followed by Cutter Suction Dredgers (CSD), with 15 deliveries. The top five newly delivered vessels also include fast crew suppliers (13 deliveries), cargo vessels for short sea shipping (eleven Combi Freighters), and eight Multi
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