It is reported that Croatian shipping company, Atlantska plovidba is contacting and negotiating with shipyards in the Far East countries on building six new bulk carriers until 2011, in which the company plans to invest around USD 200 million.

Mr Ante Jerkovic CEO of Atlantska plovidba said that the market conditions were favorable for shipping companies this year and expects them to be the same in 2008. He finds that it would be a shame not to increase capacities in those conditions.

Atlantska plovidba already has good cooperation with shipyards in South Korea, China and Vietnam, where seven ships are being built for the company, two of which already delivered.