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Kuwaiti customer cancels shipbuilding contract with Uljanik

Zagreb - Croatian shipbuilder Uljanik said on Monday that Kuwait’s Livestock Transport & Trading Company has cancelled the contract for construction of a livestock carrier.

Zagreb - Croatian shipbuilder Uljanik said on Monday that Kuwait’s Livestock Transport & Trading Company has cancelled the contract for construction of a livestock carrier. The contract was terminated due to Uljanik’s inability to deliver the vessel pursuant to the contract’s provisions, the company said in a filing to the Zagreb Stock Exchange (ZSE). Under the contract, Uljanik was to build a livestock carrier of about 28,000 square emtres of net pen area.
The buyer is willing to negotiate the terms of a new agreement and complete the vessel at Uljanik, the shipbuilder said.

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