Notification on delivery of newbuilding 520

On August 9th 2018 newbuilding 520 - Apollo, constructed by Uljanik Shipyard, was delivered to the client GeoSea Luxembourg S.A..

This is the first self-propelled platform built in Uljanik and the first highly sophisticated ship of this type built in Croatia. The Apollo platform is equipped with four 106.8 m long legs that allow it to work at depths of down to 70 meters. The design, construction and technological performance of the legs were among the key elements for which Uljanik was chosen to build the ship. Because of the required features and functionality, the construction of the platform legs was a technological challenge for Uljanik Shipyard, who formed a special team to complete this extremely challenging part of the ship.

With a deadweight of 5,196.2 t, the plaform is 89.32 m long, 42 m wide, 8 m high and is able to reach a speed of 11.92 knots powered by the main engines: 4 x ABC 2,688kW and 2 x ABC 1,512 kW. The platform offers standard accommodation for 90 people, and is intended for various operations on all seas of the world, such as wind turbines installation, heavy load transportation and assembly, and can also be used as an accommodation platform. Delivery documentation was signed by project manager Mr Jerome Vanden Branden on behalf of the buyer and by Sales department director Mr Bojan Blagonic on behalf of ULJANIK Shipyard. With the delivery of the self-propelled platform for the client GeoSea Luxembourg S.A., as well as launching of the polar cruiser for the client Scenic Group and the delivery of the self-unloading bulk carrier for the client Algoma Central Corporation, the key requirements that ULJANIK Group committed to when rescue aid with state guarantees was issued are fullfilled. With the fulfillment of these requirements, Uljanik has reduced the active state guarantees by 126 mil. EUR and showed that with secured financing even the most complex shipbuilding projects can be completed. The Apollo platform will sail under the Luxembourg flag and will be one of Uljanik's key references in the world for building complex, highly sophisticated ships.