Palumbo looks to help out Uljanik

Palumbo looks to help out Uljanik

Croatian shipyard Uljanik has received a letter of intent from Italian shipyard group Palumbo Group to participate in the process of restructuring and diversification of the company.

Palumbo is the second potential strategic partner to show interest in Uljanik’s restructuring following Croatian multi-sector investment group Kermas Energija submitting a similar letter of intent to Uljanik in December.

According to a release by the government of Croatia, the management of the Uljanik shipyard has submited a proposal to the country’s economy ministry in November for the restructuring of the Uljanik Group which involves finding a strategic partner to ensure the long-term sustainability of the company’s business operations. The shipyard had incurred significant losses in the past few years despite the fact that it had secured plenty of orders.

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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