Contrary to what local unions in Croatia have been saying this week, Italy’s Fincantieri will not invest in Uljanik Shipyard.
The Croatian shipyard needs an urgent capital injection of €450m ($555m). Naples-based Palumbo Group and local businessman Danko Koncar remain at the moment the only two players to have voiced publically an interest at supporting the local government plan to financially restructure Uljanik which has 12 ships under construction and set for delivery before the end of 2019. Dutch group Damen has also been mooted at looking at the possibility of investing in the Croatian yard, especially in the wake of its planned take over of Romania’s Mangalia yard running into difficulty.
