Croatia's Viktor Lenac Shipyard Busy With Saudi King's Yacht

By 15 February 2022

February the 15th, 2022 - Croatian shipyards might have been struggling significantly for the past few years, since long before the global coronavirus pandemic emerged and caused even more issues, but the Viktor Lenac shipyard has its hands full at the moment, mostly with the ''doing up'' of a yacht owned by no less than the Saudi royal family.

As Poslovni Dnevnik writes, docking capacities at the Viktor Lenac shipyard have been filled until the month of May, there are now more than 10 ships in that shipyard, and employment is extremely high, the Rijeka-based shipyard revealed.

Board member Sandra Uzelac said that all docks and berths were filled and that now, unlike in the previous half of the year, the Viktor Lenac shipyard's employment is high. Last year, he says, the business was affected by high freight rates, so shipowners used that time more for navigation than for overhaul, and the coronavirus pandemic also negatively affected it.

Therefore, it is expected that the Viktor Lenac shipyard's business roundup for the year 2021 will turn out to have been successful and with a profit, but less so than in 2020. On Thursday, a passenger ship - a luxury yacht which is 147 metres long, sailed into the Viktor Lenac shipyard for overhaul and refurbishment.

It is a large yacht owned by a foreign client, with which the Kostrena shipyard signed a contract for the overhaul and refurbishment worth more than 20 million euros. It is a yacht used by the Saudi royal family.

The complexity of the contracted works is also indicated by the fact that it is planned that the ship will remain in the Rijeka shipyard for one entire year, because the deadline for the execution of all of the works is 12 months.

According to Sandra Uzelac, these are very specific works, and several Croatian and foreign subcontractors will be engaged in order to get it all done. Similar, but smaller jobs of that kind have already been done at the Viktor Lenac shipyard, said Uzelac.

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