Alpha Adriatic

Alpha Adriatic d.d.

Company type	Public company
Traded as	ZSE:  ULPL
ISIN	HRULPLRA0002
Industry	Maritime transport
Founded	1 September 1986 (1986-09-01)
Headquarters	Pula , Croatia
Area served	Worldwide
Key people	Igor Budisavljević (director)
Services	Ship management
Revenue	263,465,006 HRK (2021) [1]
Net income	179,773,755 HRK (2021) [1]
Parent	Uljanik Group
Subsidiaries	United Shipping Services One Inc. Real d.o.o. ASP Adriatic d.o.o.
Website	www.uljaniksm.com

Alpha Adriatic d.d. is a Croatian ship management company. Founded and based in Pula, the company owns and operates four bulk carriers and four tankers, five of which are owned by their own subsidiary companies, while 3 ships are entrusted to the company for management by domestic and foreign third parties. ^[2] The company also provides ship management services to fleets owned by other shipping companies.

Alpha Adriatic is a joint-stock company that was founded in 1986 as part of the Uljanik group under the name Uljanik Plovidba, but in 1994 the privatization process began, during which all ownership links between the two companies were severed over the course of four years. However, despite this, there remained confusion about the company's identity, as well as a false impression of the connection with the Uljanik Group, which recently, due to the financial difficulties of the Uljanik Shipyard, made business difficult for the company's management. Therefore, the decision was made to change the name to Alpha Adriatica. ^[3]

Management

The company is managed by director Igor Budisavljević, and supervision is carried out by the procurator, supervisory and audit committee. ^[1]

It is part of the Uljanik Group, which also includes Uljanik Shipyard. Alpha Adriatic has three subsidiaries: ^[1]

• United Shipping Services One Inc. - maritime transportation ^[4]
• Real d.o.o. - construction and agriculture ^[5]
• ASP Adriatic d.o.o. - consulting ^[6]

The company's shares are listed on the Zagreb Stock Exchange (ZSE) and is one of the 22 companies included in its official share index CROBEX as of August 2022. ^[7] In 2022 the company posted a total revenue of HRK 263.5 million (US$34.2 million) and a net income of HRK 179.8 million (US$23.3 million), 88 percent up from 2020.

Fleet

Alpha Adriatic d.d. manages a fleet of 4 bulk carriers and 4 tankers. All ships were built in Croatian shipyards. Ships for the transport of bulk cargo in the Uljanik shipyard in Pula, and tankers in the 3. Maj shipyard in Rijeka. The average age of the ships in the fleet is 11 years, and 6 ships have Pula as their home port and fly the Croatian flag. ^[8]

Ship	Built	Type	GT	LOA(m)	Beam(m)	Draught(m)	Flag	Ref
MV Veruda	2011	bulk carrier	30,092	189.90	32.24	12.35	Croatia	[9]
MV Stoja	2012	bulk carrier	30,092	189.90	32.24	12.35	Bahamas	[9]
MV Punta	2013	bulk carrier	30,092	189.90	32.24	12.35	Croatia	[9]
MV Valovine	2016	bulk carrier	30,092	189.90	32.24	12.35	Croatia	[9]
MT Verige	2010	tanker	30,638	195.11	32.20	12.52	Croatia	[10]
MT Pomer	2011	tanker	30,638	195.11	32.20	12.52	Croatia	[10]
MT Champion Istra	2012	tanker	30,638	195.03	32.20	12.52	Croatia	[10]
MT Champion Pula	2006	tanker	27,547	182.50	32.20	12.26	Norway	[10]

See also

• Uljanik

References

1. "Konsolidirani revidirani financijski izvještaji za razdoblje 01.01. do 31.12.2021. godine" (PDF). Alpha Adriatic (in Croatian). Pula: Alpha Adriatic d.d. 2 April 2022. Retrieved 20 August 2022.
2. "O društvu" [About company]. Alpha Adriatic (in Croatian). Archived from the original on 21 February 2015. Retrieved 20 August 2022.
3. Pavlović, Milan (4 September 2022). "Uljanik Plovidba promijenila ime. Sad se zovu na latinskom. NE ŽELE DA IH SE VIŠE POVEZUJE S ULJANIKOM" [Uljanik Plovidba changed its name. Now they are called in Latin. THEY DON'T WANT TO BE ASSOCIATED WITH ULJANIK ANYMORE]. Glas Istre (in Croatian). Retrieved 20 August 2022.
4. "UNITED SHIPPING SERVICES ONE INC". Find and update company information. Retrieved 20 August 2022.
5. "REAL d.o.o." Sudski registar (in Croatian). Retrieved 20 August 2022.
6. "ASP Adriatic d.o.o." Sudski registar (in Croatian). Retrieved 20 August 2022.
7. "Sastav CROBEXA" [Composition of CROBEX]. Zagreb Stock Exchange (in Croatian). 19 August 2022. Retrieved 20 August 2022.
8. "Flota" [Fleet]. Alpha Adriatic (in Croatian). Retrieved 20 August 2022.
9. "Suhi tereti" [Bulk cargo]. Alpha Adriatic (in Croatian). Retrieved 20 August 2022.
10. "Tankeri" [Tankers]. Alpha Adriatic (in Croatian). Retrieved 20 August 2022.

External links

• Official website (in Croatian)