Algoma Central Corporation Provides Update on Status of Fleet Renewal

3 Maj Brodogradiliste dd, formerly 3 Maj Shipyard dd, is a Croatia-based company, which is engaged in the shipbuilding industry. The Company designs, builds and sells ships for transportation of oil and other oil products such as oil tankers/chemical carriers, bulk/container carriers, containers, catamaran crane ships, obo carriers, container vessels, multipurpose cargo vessels, liquefied gas tankers, self unloading bulk carriers, container ships, asphalt tankers, oil barges among others. It also provides catering services. The Company is a part of Uljanik Group with the parent company Uljanik dd, which through its subsidiaries provides docking, reconstructing and repairs of numerous type of ships and manufactures of ship engines among others.