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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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