Croatian shipbuilder 3.Maj signs USD 120mn deal with Swedish Wisby Tankers.

By bne IntelliNews September 14, 2010
State-owned shipbuilder 3.Maj signed a USD 120mn deal on the construction of four tankers with Swedish Wisby Tankers. The first tanker has to be delivered in the first quarter of 2012, while the remaining are due in intervals of four months. 3.Maj posted a consolidated net loss increase of 264.3% y/y to HRK 136.3mn (EUR 18.8mn) in H1. The total revenues of the group rose by 6.6% y/y to HRK 785.7mn, while the sales revenues dropped by 20.7% y/y to HRK 479.4mn. The total expenses rose by 19% y/y to HRK 922.1mn.

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