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Croatian govt grants shipyard Uljanik state guarantees for $31.6 mln loan

ZAGREB (Croatia), July 5 (SeeNews) - The Croatian government said on Thursday it has granted state guarantee to Pula-based shipbuilder Uljanik for a $31.6 million (25.5 million euro) loan to be borrowed from state-owned development bank HBOR and/or another lender.

The funds will be used for the construction of two bulk carriers commissioned by Liberian-based clients, the government said in a statement posted on its website.

($=0.8072 euro)