July 4, 2019

It was revealed that China Shipbuilding Industry Corporation (CSIC) will not acquire the ill-fated Uljanik Group.

The yard is in bankruptcy. There was some hope for a rescue by CSIC but that plan is not going to materialise.

Instead, CSIC intends to cooperate with the Zagreb-based Brodarski Institute, to carry out joint projects. Brodarski Institute is an institute of applied technical sciences in the fields of maritime and green technologies.

Recently CLdN cancelled two newbuilding contracts.