Siem Shipping cancels four car carriers at Uljanik

Financially troubled Croatian shipyard Uljanik has announced that Norwegian owner Siem Shipping has cancelled four car carriers ordered at the yard due to its inability to deliver the vessel according to the contract terms.

According to Uljanik, Siem Shipping has unilaterally terminated the contracts for the construction of four 7,000 ceu PCTCs – hull 514, 515, 524 and 525.

Construction of two vessels have yet to be initiated.

Workers at Uljanik started a strike on August 22, demanding top management step down in protest over the late payment of their salary. The company’s president Gianni Rossanda resigned during the protest.

The strike ended last week after the government stepped in to solve the payment issues.

Following the contract cancellations, Uljanik still has four handy bulkers, two roro ships and two cruise ships on the orderbook.

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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