Shipbuilding & Maritime

From Liquidation to "World Elite": West Sea Sails with a €400 Million Project Portfolio

West Sea has already built 23 ships and averages 50 repairs per year

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20 Aug 2026
Shipbuilding
From Liquidation to "World Elite": West Sea Sails with a €400 Million Project Portfolio

From Viana do Castelo, West Sea is navigating the shipbuilding sector with an order book of €400 million ("full until 2030"), expectations of a 16% increase in revenue this year to €140 million, and the prospect of creating "new opportunities" with the completion this month of a €25 million investment in a new dry dock. "We are talking about a dock that allows larger-draft vessels to enter and should bring a 50% to 100% increase in repair activity, meaning a more balanced revenue split of 60% construction and 40% repair, compared with the current 80% and 20% respectively," says administrator Vítor Figueiredo.

Read the full article on Expresso