Croatia's 3 Maj shipyard has signed an agreement to complete a product tanker order cancelled during the financial collapse of its parent Uljanik Group.
The yard has stayed separate from the bankruptcy proceedings of the group, which saw sister shipbuilder Uljanik Shipyard liquidated this year.
Now it has said Spanish shipowner Marflet has resurrected a deal for a second 50,000-dwt MR tanker named Santiago that had previously been due to be handed over at the end of 2019. The new handover date is July 2021.
Rijeka-based 3 Maj delivered the first ship in 2017.
Yard chairman Juraj Soljic told the Hina news agency that the Santiago has been brought in from Uljanik Shipyard in Pula.
It was launched in October 2016, but work halted in 2017.
3 Maj workers are currently rotating shifts to avoid spreading the coronavirus. About 310 staff are on leave, with 470 continuing to work.
More orders coming?
Canada's Algoma Central last year revived a previously cancelled handysize bulker order at 3 Maj.
The yard is also in talks with Italian shipyard giant Fincantieri over sub-contracting out work for Australian cruiseship owner Scenic Group, which has a second cruiseship incomplete at Uljanik.
It has been reported that the Croatian government will issue new guarantees to 3 Maj to help it win loans to complete vessels.
The government has said Scenic wants to build six more new ships there.
Scenic is ready to inject €10m ($11m) this month, and its total investment could reach €50m.
In December, 3 Maj said it signed a contract with Malta's PEC 2 to construct the hull and some equipment for a polar cruiseship.
It gave no financial details but said the hull will be delivered in the first quarter of 2021.
