Palumbo Wants to Be Uljanik’s Strategic Partner

Italian Palumbo Group has expressed interest in becoming a strategic partner of Croatian shipbuilder Uljanik. 

In a letter of intent (LOI) Uljanik received on January 2, 2018, Palumbo said it wants to participate in the process of the shipbuilder’s restructuring and diversification.

Uljanik is seeking a loan for the purposes of corporate recovery and restructuring. As part of the restructuring process, a new partner will join the company’s ownership structure.

Currently, Palumbo has several shipyards located throughout the Mediterranean. The facilities offer refit, repair and maintenance services for different types of vessels.

In December 2017, another company, Croatian Kermas Energija, part of Kermas Group, expressed its interest to become a strategic business partner of Uljanik.

Kermas Energija sees the potential strategic partnership as part of an integration between its subsidiary Brodotrogir and one or more European shipyards, according to local media.

World Maritime News Staff

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