In 1997 Daewoo-Mangalia Heavy Industries or DMHI was formed as a joint venture between South Korean company Daewoo Shipbuilding & Marine Engineering and the 2 Mai Shipyard in Mangalia.

[5] In 2017, Damen Group acquired Daewoo's shares, and from 2018 it took control of the shipyard.

[8] One of the main customers of the shipyard is the German company Hamburg Süd which ordered six container ships of around 6,000 TEU each, and seven ships of 7,100 TEU each as well as four tugboats.

[9] In 2008 the shipyard bought the largest gantry crane in North America, the Goliath Crane, formerly located in Quincy, Massachusetts, from the General Dynamics company.

[10] Built in 1975, the crane, nicknamed Goliath, Big Blue, The Dog or Horse, has a height of 100 m (330 ft), a span of 126 m (413 ft), a weight of 3,000 t (6,600,000 lb) and a lifting capacity of 1,200 t (2,600,000 lb).