Marked as
Last updated - February 9, 2026
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Damen Shipyards Group is a leading and long-established international shipbuilding and maritime solutions company headquartered in the Netherlands. It was founded in 1927 and remains a family-owned business with a strong focus on craftsmanship, customer service, innovation and sustainability.
CEO
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Dutch prosecutors have charged the company and several executives with bribery, forgery, money laundering, and sanctions violations tied to international sales and exports, leading to ongoing criminal proceedings.
Damen is accused of violating EU sanctions by exporting ship components to Russia after the 2022 invasion, with authorities alleging repeated falsification of export declarations.
If convicted of corruption or fraud, Damen could be barred from competing for government and EU contracts for several years under procurement rules.
The Romanian government alleges Damen misappropriated millions at the Mangalia shipyard, contributing to its bankruptcy and leaving workers in limbo.
2016 the World Bank debarred a Damen subsidiary for 18 months due to fraudulent practices in a West Africa fisheries project.
Reports indicate cash flow challenges amid legal scrutiny and project delays, including frozen milestone payments on major naval contracts.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
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What you see here scratches the surface
We offer reward for actionable intel
Dutch prosecutors accused shipbuilder Damen Shipyards of corruption and breaching EU sanctions on Russia.
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Legal proceedings against Damen Shipyards begin in the Netherlands over alleged bribery, falsified docs, money laundering and sanctions violations.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Unregulated industry
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