Aker Braila hurt by lack of orders

The lack of contracts has pushed Aker Braila shipyard turnover down 18% in H1 from the year-ago period. The shipyard posted 252bn ROL ($7.5m) sales in H1, as compared with 305bn ROL turnover logged in the same time last year. The shipbuilding market is still going through a downturn period, which has also hurt the Braila-based shipyard. In the half-year, Aker Braila delivered two ship bodies to Norway and four from its stocks to Turkey in the first six months. According to company officials, the lack of orders caused more than $1m losses in H1. Aker Braila logged 36.4bn ROL losses, from 0.4bn ROL profit in the same period last year. ZF