May 22 (SeeNews) - Croatia's Uljanik shipbuilding group said on Tuesday that Luxembourg-based logistics company CLdN ro-ro S.A has unilaterally terminated its contract for the construction of a roll-on/roll-off carrier.
The contract for Hull 532 was cancelled due to Uljanik's bankruptcy and inability to deliver the vessel in accordance with the conditions of the contract, Uljanik said in a filing with the Zagreb Stock Exchange (ZSE).
The bankrupt shipbuilding group has already seen several customers cancel their contracts.
Last week, a Croatian court decided to launch bankruptcy proceedings against Uljanik Group, several days after the court opened such proceedings against its key member Uljanik Shipyard.