A delegation from a leading Chinese shipbuilding company has arrived in Croatia for talks about a possible investment in the country’s largest shipbuilder Uljanik, which is struggling to avoid bankruptcy, Reuters reported. Officials from the China Shipbuilding Industry Corp. (CSIC) met Croatia’s Prime Minister Andrej Plenkovic and his economic team today and will visit Uljanik’s docks in the northern Adriatic later this week. Uljanik, which is 25 percent state-owned and operates two shipyards in the northern Adriatic cities of Pula and Rijeka, has been battling liquidity problems that began in 2017. A bankruptcy ruling for the company is scheduled for May 13. Last month the Croatian government said that it would not back a restructuring plan for Uljanik due to the financial burden it would place on the state.
