Croatia moves to save Siem orders at Uljanik

Croatia moves to save Siem orders at Uljanik

The Croatian government is planning to start negotiations with Norwegian owner Siem Shipping next week in an effort to save the orders for four car carriers at financially troubled shipyard Uljanik.

This week, Siem Shipping unilaterally terminated the contracts for the four 7,000 ceu PCTCs due to Uljanik’s inability to deliver the vessel according to the contract terms.

In the meantime, the representatives of Canadian owner Algoma, are also planning to talk with the government next week on Uljanik’s situation. Algoma has three 39,000 dwt handy bulkers on order at the shipyard.

Last week, the Croatian government had to step in and solved a worker strike at the shipyard.

The future of Uljanik is still unclear. Following Siem’s contract cancellation, Uljanik said its accounts have been blocked again.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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