Spain's Balenciaga Shipyard has restarted operations with the keel laying of its first vessel under new owner SAFEEN Drydocks, marking the revival of the historic Basque shipbuilder following its acquisition by the
Spain's Balenciaga Shipyard has restarted operations with the keel laying of its first vessel under new owner SAFEEN Drydocks, marking the revival of the historic Basque shipbuilder following its acquisition by the AD Ports Group subsidiary.
The vessel is an offshore support tug and is one of two tugs currently in the yard's order book, which the company said positions Balenciaga to compete for work in the European offshore and renewable energy sectors.
The keel laying ceremony, held at the shipyard in Zumaia in Spain's Basque Country, marks the first vessel to enter construction since SAFEEN Drydocks acquired the yard. Balenciaga said it is also targeting additional contracts in the offshore wind sector, where demand for specialised vessels continues to grow.
The shipyard, founded in 1921 and formerly known as Astilleros Balenciaga, said it is investing in its workforce, facilities, automation and supply chain under its new ownership while working with local and regional industrial partners.
“This keel laying is more than the start of a build, it is proof that Balenciaga Shipyard is back. The people of this yard have kept its spirit alive through
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