Tag: Cardama

• Monday, October 27th 2025 - 10:38 UTC

  Spanish shipbuilder defends himself after Uruguay cancels €82 million OPV contract

  

  Mario Cardama, owner of the Spanish shipyard tasked with building two Offshore Patrol Vessels (OPVs) for Uruguay, whose contract was canceled by Montevideo, insists that his company was also a victim of the bank backing the operation: EuroCommerce Limited.

• Saturday, October 25th 2025 - 10:30 UTC

  Uruguay accuses Spanish shipyard Cardama of fraud; company calls it political interference

  

  The Uruguayan government has filed civil and criminal charges against the Spanish shipyard Cardama, which was contracted to build two offshore patrol vessels (OPVs) worth more than US$92 million, after detecting alleged irregularities in the company’s performance bond. The case has escalated into a diplomatic and political dispute, with Montevideo accusing the shipyard of fraud and Cardama denying the charges, claiming it is being used for “electoral purposes.”