Founded in 1976. Privatised in 2000 and acquired by Aker Yards and renamed Societatea Comerciala Aker Tulcea. Aker Yards was taken over by STX Corporation in 2008 and renamed STX Europe. The yards focussing on offshore vessels were formed into STX OSV in 2010 which was acquired by Fincantieri in 2013 and renamed Vard.