Brodotrogir d.d.

Sales department (shipyard)
ph. + 385 21 883 - 201
fax. + 385 21 883 - 417
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Sales department (shiprepair)
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Agreement on assignment of contracts for new builds 320/321/322 entered into force

Due to the altered market conditions and the crisis affecting the maritime market in the second part of 2008, Eltzen Chemical, the original buyer of new builds 320, 321 and 322 and the third biggest owner of chemical product transportation ships in the world, encountered financial problems when banks withdrew from financing the new builds.

This new circumstance made the execution of contracts for above ships for transportation of chemical and oil products manufactured by Brodotrogir impossible.

The problem was solved by the sale of ships to the Swedish company Laurin Maritime AB, i.e. to three companies within Laurin Maritime AB, which took over the contracts for new builds 320, 321 and 322.

The agreement, signed in mid May 2009, entered into force upon fulfillment of all the agreed upon requirements, which all contractual parties were obligated to meet. On its side, the Trogir shipyard met its requirement by turning over advanced warranties, issued by the Ministry of Finance of the Republic of Croatia to the new buyer.

Therefore, Laurin Maritime now has 5 ship orders with Brodotrogir, since, in the similar vein,  it took over new builds 323 and 324, also ships intended for the transportation of chemical and oil products, from Eltzen Chemical in the second part of 2008.

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