Uljanik Plovidba makes gas move

Uljanik Plovidba makes gas move

Croatian owner Uljanik Plovidba is teaming up with Cyprus-based ECTA Caspian to form a joint venture looking to ship LNG and LPG cargoes.

Uljanik Plovidba LNG is a 50:50 venture and marks a new strand for the Croat firm which has traditionally focused on MR tankers and supramax bulkers. As well as looking to own some gas ships the new business is also touting itself as a third party manager.

The move, Uljanik Plovidba said, was part of efforts to diversify its revenue streams. In particular, the new company will look to growing gas infrastructure projects in Asia to kickstart the business.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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