The second auction for the sale of Romania’s bankrupt Mangalia shipyard attracted no bidders on July 29, with the EUR 184 million starting price maintained for a third auction scheduled for August 28, G4media.ro reported. The first auction for the shipyard, held on June 29, also failed to attract bidders. Despite the lack of interest, creditors decided to retain the same starting price, excluding VAT, under a plan providing for at least six auctions at the market-value price. The starting price is more than EUR 100 million above the shipyard’s liquidation value. The Mangalia shipyard, one of Romania’s largest shipbuilding facilities, entered insolvency proceedings after years of financial difficulties.