Largest Iskra Investment Halted by Russian Invasion of Ukraine

Lauren Simmonds

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As Poslovni Dnevnik/Suzana Varosanec writes, the current outbreak of war in Ukraine following an unjustified Russian invasion has currently halted activities on a project that is vital to Iskra Brodogradiliste 1’s largest strategic investment in Sibenik.

Uncertainty loomed over the construction of a floating dock for the overhaul of a 5,000-tonne, 120-metre-long ship, contracted back in November last year with Ukraine’s well known Pallada shipyard in Kherson. However, the solidarity of the local people of Sibenik is being shown in action. According to the claims of the director of that Sibenik shipyard, Rok Vuletic, the work in the Ukrainian shipyard, which specialises in the construction of docks, has been suspended due to the state of emergency, and people have been invited to stay at home.

“We’re monitoring the development of the unfolding situation, and for now the only thing we’re thinking about is that we hope that as few people as possible are suffering. We stand in solidarity with Ukrainian partners; namely, we in Croatia also have the experience of war, so we have full understanding for the situation in which they’ve found themselves,” Vuletic pointed out, adding that they hope for an end to the ongoing war operations and stabilisation in the coming days.

Vuletic was in the inspection of the works on the dock about ten days ago, when, he says, everything was going smoothly and according to the dynamics and deadlines. The Iskra investment plan also envisages the modernisation of the company’s facilities and infrastructure, the purchase of new equipment for shipbuilding, an increasing of capacities and the raising of energy efficiency.

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