February 9 (SeeNews) - Croatia's government said it decided to start preparations for the sale of a roll-on/roll-off vessel under construction, Hull number 531, of which it was awarded ownership in exchange for receivables during the bankruptcy procedure of local shipyard Uljanik d.d..
The decision to grant ownership of Hull number 531 to the Croatian state was taken by the commercial court in Pazin in May 2021, finance minister Marko Primorac told a weekly cabinet meeting on Friday, as seen as a video recording published on the government's website.
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According to the court's decision, the hull of the vessel with a planned length of 211.64 metres and 12,695 gross tonnage was valued at an estimated 72.4 million kuna ($10.3 million/9.6 million euro).
Due to shipyard's inability to deliver the vessel in accordance with the terms of its contract with CLdN Ro-Ro Luxembourg for the construction of the ship, the buyer cancelled the deal in January 2019, according to a notice sent earlier by Uljanik d.d. to the Zagreb bourse.
Less than 10% of the works on the construction of the vessel has been completed, the Poslovni Dnevnik daily reported on Friday.
($=0.932 euro)