The Bankrupt Shipyard Received Its First New Ship Order In Four Years

- Dec 31, 2019-

Ujanik's 3. Maj shipyard, Croatia's bankrupt shipbuilding group, recently received an order for polar exploration cruises, the first new ship order for 3. Maj shipyard in the past four years.

On December 20, 3. Maj shipyard signed an agreement to build a polar exploration cruise ship hull for PEC, a Maltese subsidiary of Australian scenic group, and take charge of some equipment. The new ship will be keel laid in the second quarter of 2020 and delivery is planned in the first quarter of 2021.

It is understood that this exploration ship will be used as a sister ship of "scenic eclipse". "Scenic eclipse" is also customized by PEC and built at uljanik shipyard, which is under the bankruptcy of uljanik group, with delivery completed on July 26, 2019.

"Scenic eclipse" is the world's first super luxury exploration yacht, 168 meters long, 21.5 meters wide, 22498 tons in total. It adopts the latest environment-friendly technology, can provide accommodation for 237 passengers and 172 crew members, can navigate in polar waters, and has the polar 6-level cold Di symbol.

The "scenic eclipse" was launched in January 2018 and was originally scheduled to be delivered in April 2019. However, due to the continuous deterioration of the financial situation of uljanik shipyard, in order to promote the construction of the "scenic eclipse" as soon as possible, scenic hired cruise experts from Finland, Italy, the United Kingdom and Norway, so as to expand the internal construction team of the "scenic eclipse" in uljanik shipyard. After expansion, the scenic team took over the construction of the "scenic eclipse" and cooperated with the remaining management team of uljanik shipyard.

According to the plan of Glen Moroney, chairman of scenic, scenic will build four more super luxury exploration ships of the same type, thus opening up new business opportunities for 3. Maj shipyard.

It is understood that 3. Maj shipyard was founded in 1892 and is one of the four backbone shipyards in Croatia. 3. Maj shipyard belongs to uljanik, the largest shipbuilding group in Croatia, and the Croatian government holds 25% of uljanik group. Earlier this year, the uljanik group started bankruptcy proceedings.

In order to save the 3. Maj shipyard, in August this year, the Croatian government has agreed to provide a national guarantee for a loan of up to 150 million kunas (about US $22.5 million), so that the 3. Maj shipyard will be able to seek loans from the Croatian bank for reconstruction and development (hbor) or commercial banks. With this loan amount, 3. Maj shipyard will be able to continue the construction of new ships.