CLdN Scraps Deal for Second RoRo Newbuilding at Uljanik
- Business & Finance
Luxembourg-based shortsea specialist CLdN RoRo has cancelled a contract with Croatian shipbuilder Uljanik for the construction of one vessel.
The contract covering one 5,500 lane meter ship (hull no. 532) was terminated on May 21, 2019, according to a filing issued on the Zagreb Stock Exchange.
As explained, the deal was canceled due to the launch of bankruptcy proceedings at Uljanik on May 17 and therefore the shipyard’s inability to deliver the newbuilding in line with the conditions reached in the agreement between the parties.
The vessel was a part of the shipbuilding contract signed by CLdN RoRo and Uljanik in March 2016 for two identical RoRo ships, which were originally scheduled for delivery in 2018.
The first roll-on/roll-off (RoRo) ship from the batch (hull no. 531) was canceled by CLdN RoRo in January 2019.
World Maritime News Staff