Croatia News

13 Mar 2019

Across the Big Pond: Metal Shark Expands Again

Managing Director Teuta Duletic (left) and Technical Manager Drazen Debelic at Metal Shark Croatia.

Metal Shark Expands Internationally with New Croatia Engineering Facility.Shipbuilder Metal Shark has established a foothold across the Atlantic with the opening of a dedicated European engineering office.Metal Shark’s first location outside of the United States, “Metal Shark Croatia” is a new engineering facility recently opened in the city of Rijeka on Croatia’s northern Adriatic coast.The facility currently employs nearly 20 naval architects, machinery systems engineers, and…

06 Mar 2019

Salona Yachts Enters Green Zone

Image: Salona shipyard

Croatian shipbuilder Salona shipyard decided to expand sailing boats gamma by entering the electric powered area of performance sailing.According to Finnish boat electric motor manufacturer Oceanvolt, the Salona 33, Salona 35 and Salona 380 will be optionally powered by its electric propulsion system.The manaufacturer of clean electric power & propulsion systems said that the sail drive motors are the most advanced patented technology and this alignment with Oceanvolt is a great…

06 Mar 2019

Quark to Implement Evac Solution

Image: Evac

The operator of polar exploration cruises Quark Expeditions will install with an Evac Complete Cleantech Solution that now includes a ballast water management system."With Evac solutions, it can be assured that Quark's new ship will have the least impact on the environment," claimed the provider of integrated qater management systems for the marine and offshore industries.The new expedition ship designed to carry up to 200 passengers will be built by Brodosplit in Croatia and…

04 Mar 2019

MOL: Growww Grad Program in Europe

Pic: MOL

Japanese shipping giant has urged graduates to apply for the latest edition of its award-winning talent acquisition program, Growww.The Growww 2019 offers fresh graduates a unique opportunity to kick-start their career in one of the largest corporations in Central Eastern Europe, said a press note from the global transport company.Through the program MOL aims to develop a new generation of industry experts, offering them an opportunity to learn and solve real-life business challenges…

26 Feb 2019

Zenitel: Expanding in Maritime, Offshore

Kenneth Dastol, CEO & President, Zenitel Group. Photo: Greg Trauthwein

We recently met up with Kenneth Dastol, CEO & President, Zenitel Group, who provided some exclusive insight and analysis on the dynamic world of mobile communication trends in the maritime sector.Please give an overview of Zenitel Group today.The Zenitel Group is the leader of intelligent communication systems. We are located in 18 countries around the world with more than 300 employees after the acquisition of Phontech. Approximately half of the staff is working out of Norway…

07 Feb 2019

Troubled Uljanik Shipyard Stays Afloat by Restructuring

File Image: CREDIT Uljanik Shipyard

Croatia's troubled shipbuilder Uljanik said on Thursday it had chosen local rival Brodosplit as a strategic partner to restructure its operations.Uljanik, 25 percent owned by the state and with 3,500 employees, has been working to stave off bankruptcy due to liquidity problems that began in 2017. Workers staged strikes twice last year over unpaid wages."Uljanik has chosen Brodosplit as its strategic partner which will have an obligation to devise, in cooperation with Uljanik, a feasible restructuring plan…

29 Jan 2019

Steel Cut for Quark Polar Expedition Ship

Image: Quark Expeditions

Croatia's Brodosplit shipyard today cut steel for Quark Expeditions' first newbuild, a 200-passenger vessel scheduled for 2020 launch.The ceremony took place at the shipyard and museum of Brodosplit, and was attended by senior executives from both companies, including President of Quark Expeditions Andrew White, CEO of DIV Group Tomislav Debeljak and CEO of Brodosplit Zoran Kunkera.The new ship from Quark Expeditions is the first of its kind, combining leading-edge technology…

19 Jan 2019

Algoma Central: Refund Given for Cancelled Ship Contract

Algoma Central Corporation (TSX: ALC), a provider of marine transportation services, announced that it has received full refund of all instalment payments made in connection with the now-cancelled shipbuilding contracts with Uljanik d.d. and 3Maj Shipyard of Croatia.Algoma entered into five shipbuilding contracts with 3Maj Shipyard, an operating unit of Uljanik d.d of Croatia. According to a press release from Algoma, after considerable delay, the first of the five vessels was delivered in 2018; however, Algoma cancelled the remaining four contracts as the shipyard’s financial difficulties led to a much-publicized attempt to refinance the company and shipyard management was unable to put forward a credible plan that would lead to completion of the remaining hulls.

17 Jan 2019

Troubled Shipbuilder Uljanik Draws Investor Interest

© lexlero / Adobe Stock

Croatia's largest shipbuilder Uljanik, which is trying to attract investors to stay afloat, extended a due diligence process until late next week after drawing the interest of potential strategic partners.Croatia's Economy Minister Darko Horvat said four potential investors were looking at Uljanik's business data and another company was also interested, but did not elaborate."I expect at least two serious offers for Uljanik at the end of this process which would then prevent its bankruptcy…

17 Dec 2018

Carnival to Launch Four Ships in 2019

Carnival Panorama (Photo: Carnival)

Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises,  international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…

12 Nov 2018

Golar FSRU Wins LNG Croatia Project

 Image: Golar LNG

State-owned LNG Croatia has selected Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners,  to deliver a floating storage and regasification unit (FSRU) for the nation's first liquefied natural gas import facility.Golar Power was picked from three bidders, including Mitsui O.S.K. Lines and Maran Gas Maritime Inc, LNG Croatia, the company behind the project, LNG Croatia said in a statement."After reviewing and evaluating the bids, the committee for opening…

22 Oct 2018

Croatian Shipbuilders Strike Again Over Late Salary

© burnel11 / Adobe Stock

Workers at Croatia's largest shipbuilding group Uljanik on Monday held their second strike in less than two months, this time over unpaid salary for September.In late August, the workers downed tools because of uncertainty over payments for July and August. Those two months' salaries were secured after the government reached a deal with a local bank.Uljanik owns two docks, with some 4,000 workers, located in the northern Adriatic cities of Pula and Rijeka. Some 1,500 started a…

18 Oct 2018

Croatia May Pay $651.6 Mln to Uljanik Shipyard

(File photo: Uljanik)

Croatia may have to pay 4.2 billion kuna ($651.57 million) for the costs of state guarantees extended to an ailing Adriatic shipyard that has been struggling to survive in recent months, Finance Minister Zdravko Maric said on Thursday.The figure is close to 1.2 percent of Croatia's gross domestic product."This year we will have to pay 2.5 billion kuna on the basis of state guarantees for Uljanik," Maric told an economic conference in the northern Adriatic town of Rovinj.Several…

26 Sep 2018

COSCO Shipping Lines Comes to Bosnia

File Photo: Cosco

China's largest state-owned international and domestic container shipping and related services company COSCO shipping lines is opening its first branch in Sarajevo of Bosnia and Herzegovina.The Sarajevo office was opened within the “One Belt – One Road” (Maritime Silk Road) initiative. As its fourth regional office, it will add Bosnia to Croatia and Serbia, where COSCO already operates. The Maritime Silk Road is a sea route connecting China, Southeast Asia, Oceania, Europe and North Africa.FENA news agency quoted Meliha Mujezinovic…

23 Sep 2018

Nigerian Pirates Kidnap 12 Crew from Swiss Cargo Ship

MV Glarus. Photo: Massoel Shipping

A Swiss-operated ship has been attacked off the coast of Nigeria, Switzerland’s foreign ministry said, amid media reports that 12 crew members had been kidnapped by a  gang of pirates.The MV Glarus, merchant ship operated by Geneva-based shipping company Massoel Shipping, was transporting wheat between Lagos and the southern Niger Delta oil hub of Port Harcourt.According to reports, the incident took place at about 45 nautical miles south west of Bonny Island. The pirates held 12 among the ship's staff members as hostages.According to West African nation's maritime agency…

31 Aug 2018

Croatian Shipyard Workers to End Strike, Future Uncertain

Photo courtesy of Uljanik

Workers at Croatia's largest shipbuilding group Uljanik, who have been on strike for more than a week, began receiving their delayed July salaries on Friday and are set to return to work on Monday.Union leaders and Prime Minister Andrej Plenkovic, whose government struck a deal with a local bank, confirmed the payments for some 4,500 workers at the docks, located in the northern Adriatic cities of Pula and Rijeka.Last Monday the workers protested in Zagreb demanding the government's help.Despite the funds secured for July and August salaries…

22 Aug 2018

Workers at Croatian Shipyard Uljanik Go on Strike

(File photo: Uljanik)

Some 4,500 workers at Croatia's largest shipbuilding group Uljanik went on strike on Wednesday and called for management to step down in protest over late payment."The management has lost credibility in our eyes, the workers and suppliers have lost confidence," one union leader, Marina Cvitic, said.Uljanik controls two docks in the northern Adriatic, in the cities of Pula and Rijeka.The workers control less than 50 percent of the company, with the state also a minority shareholder.

03 Aug 2018

Croatia Extends LNG Terminal Gas Bidding Deadline

A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croatia's northern Adriatic island of Krk has been extended until Sept. 28, developers LNG Croatia said on Friday.Demand will dictate the capacity of the 250 million euro terminal, which is part of EU-led efforts to diversify away from Russian energy imports.The deadline on bidding for output was Aug. 3 but was delayed on requests from potential customers who are still in negotiations, LNG Croatia said.The European Commission this week said it had earmarked 124 million euros for the project which will supply gas to countries in eastern and central Europe…

01 Aug 2018

Trump Bets on New European LNG Terminals

© Wojciech Wrzesien / Adobe Stock

U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…

31 Jul 2018

EU Okays Operation Atalanta HQ Move to Spain

Photo: EU NAVFOR Somalia

The headquarters of the EU’s anti-piracy missions off the coast of Somalia will be moved from the UK to Spain next year as EU leaders revealed the latest consequence of Brexit."EU NAVFOR confirms that following the decision from the Council of the European Union the mandate of Operation ATALANTA will continue until 31 December 2020," said a press release. EU NAVFOR Somalia, also known as Operation Atalanta, is a current counter-piracy military operation at sea off the Horn of Africa and in the Western Indian Ocean…

20 Jul 2018

MOL buys Eni's Adriatic Offshore Gas Stakes

Image: ENI

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected in the coming months.The transaction covers 4.3 million…

18 Jul 2018

For the Global LNG Industry, is the FSRU Honeymoon Over?

(Photo: Höegh LNG)

A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier that has proliferated since 2015 as many countries switch to a cleaner and increasingly cheaper fuel than oil and coal.But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices…

22 Jun 2018

Cruise Ship Costa Venezia Floated Out

(Photo: Fincantieri)

Italian shipbuilder Fincantieri hosted a float-out ceremony for a new cruise ship under construction for Carnival Corporation’s Italian brand Costa Cruises. The new ship, Costa Venezia, is Costa’s first ship designed and built specifically for the Chinese market.“As our first ship built specifically for the Chinese market, Costa Venezia marks a new era not just for Costa Cruises and Fincantieri but for the Chinese cruise industry as a whole,” said Mario Zanetti, president of Costa Group Asia.

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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