Zadar: The head of Croatia’s largest shipowning entity is Maritime CEO’s regular Friday shipowner profile. Mario PaviÄ‡ is president of the managing board at Tankerska Plovidba. The company’s current fleet is 14-strong trading worldwide, consisting of three suezmax tankers, two aframax tankers, two product MR tankers, and seven geared handysize bulk carriers. On order is one more MR tanker due for delivery in the middle of 2015.
“Keeping at least an existing fleet is the medium-term plan with the possibility to expand the fleet,” PaviÄ‡ reveals.
“The market is close to bottoming out so any downward oscillation should be of modest proportions,” he reckons.
The downturn has been the worst that he has witnessed. “It again reminded us,” he says, “that change in shipping markets happen cyclically and sometimes prompt reaction is needed.”
There are no plans for Tankerska Plovidba to diversify, focus is the name of the game among top management.
The company is very different to most other shipowning entities in that through a shareholding trust scheme, Tankerska Plovidba makes every employee a partner in the company. Thus, every employee has both a voice in the operation and a share of the company's profits.
Crew are locally recruited from the Zadar region. Most of them stay with the company throughout their careers – against a world average of four years with any one company. The majority studied at the Zadar Nautical College, which Tankerska Plovidba sponsors to ensure the future of the area's seagoing tradition. [13/09/13]