Italy’s Palumbo Shipyards has extended its Mediterranean network with the opening of a new site in Costanza, Romania.

The new location will allow the refit and repair specialist to provide "top quality" at a more competitive price. The aim, says Palumbo, is to optimise and improve specific services for engineering and the offshore sector.

The project follows the installation of a floating dock at its Tenerife yard that is capable of assisting ship owners and operators with complex repair and conversion projects.

Palumbo is a major maritime maintenance and refitting center with an ever-expanding network of yards in the Mediterranean. The group comprises two major divisions – Shipyards and Superyachts – and seven different sites.

The Superyachts Division includes Columbus Yachts and ISA Yachts.

Earlier this year, Palumbo moved into the former Mondomarine shipyard in Savona, Italy, after Mondomarine's operations were wound-up in December. At the time, Palumbo said it intended to lease the yard for six months and immediately hire nine former Mondomarine workers.