ZAGREB, March 3, 2018 - A group of Croatian, Dutch and Belgian investors plan to build a modern shipyard in the eastern Croatian town of Dalj where large river boats, specialised vessels and luxurious yachts will be built, and they plan to open 140 jobs in the initial phase of the project, a press conference was told in Osijek on Friday.

ZAGREB, February 27, 2018 - The Viktor Lenac shipyard generated a total of 514 million kuna in revenue in 2017, 70% more than the year before, and also had a significantly higher net profits on the year, the company reported on Tuesday.

ZAGREB, February 19, 2018 -The shipyard on the Croatian island of Lošinj and the Norwegian company Optimarin, specialised in developing systems for environmentally friendly purification of ballast water, on Monday signed an agreement whereby the dock on Lošinj has become Optimarin's base for the part of the Adriatic region.

ZAGREB, February 16, 2018 - The Uljanik Group must be restructured and additional capital must be ensured for it by, among other things, choosing a new strategic partner to enter the group's ownership structure because without its restructuring, 569 million euro worth of government guarantees will have to be activated, 4,500 jobs could be lost and the shipbuilding industry in Pula and Rijeka might be lost for good, CEO Gianni Rossanda said at an extraordinary assembly of the group's shareholders on Friday.

More hope for the beleaguered shipyard from Pula?

ZAGREB, January 24, 2018 - The director of Uljanik's Business Information Systems, Hrvoje Markulinčić, said on Wednesday that in the morning the atmosphere in the dock was back to normal and workers were doing their job as usual, after on Tuesday some 200 workers, who were disgruntled by the decision of the striking committee to put the planned industrial action on hold, protested outside the shipyard's administration office in Pula.

ZAGREB, January 22, 2018 - The European Commission on Monday cleared rescue aid for Croatia's shipbuilder Uljanik in the northern Adriatic city of Pula.

While the global shipbuilding industry is growing substantially, Croatian shipyards are still stuck in problems.

The yacht will travel to the Arctic and Antarctica.

As many as 10,000 jobs could be in jeopardy.