About Us
Profile
ALPHA ADRIATIC is ship owning and ship management group headquartered in Pula, Croatia, whose main activities are international maritime transportation of goods in dry bulk and tanker sectors and providing full ship management services for third parties.
The Group has ownership interests in one oil and chemical tanker and four bulk carriers and also provides third party ship management services for three oil and chemical tankers.
The shares of ALPHA ADRIATIC d.d. are listed on the Zagreb Stock Exchange and are traded under the ticker “ULPL“.
“I really don’t know why it is that all of us are so committed to the sea, except I think it’s because in addition to the fact that the sea changes, and the light changes, and ships change, it’s because we all came from the sea. And it is an interesting biological fact that all of us have in our veins the exact same percentage of salt in our blood that exists in the ocean, and, therefore, we have salt in our blood, in our sweat, in our tears. We are tied to the ocean. And when we go back to the sea – whether it is to sail or to watch it – we are going back from whence we came.”
John F. Kennedy
Mission and development
Experience. Expertise. Reliability.
ALPHA ADRIATIC strives to be a modern and innovative group focused on quality growth of its own fleet and of the services rendered to its partners and clients. We are continuously searching for new ideas and projects primarily in the areas of ship owning and ship management. Our experience, expertise, reliability, motivation, loyalty, dedication to quality and individual approach is key to achieving outstanding safety and performance results.
Our mission is to promote and deliver quality and reliable services to all our partners and clients in the maritime industry with our team of experienced and highly skilled professionals.
Growth based on quality.
Modern business tools that ensure high quality and competitiveness of the services provided, combined with wealth of knowledge, experience and adaptivity of our team, make us the perfect choice as a safe and reliable partner.
References
Our ability to offer personalized and tailored services enables us to meet the individual needs of each of our clients.
Our partnerships
Technical and crew management for three tankers.
Ownership and ship management for MV Punta and MV Valovine.
Crew management and human resources services.
History
ALPHA ADRIATIC d.d. was founded on 1 September 1986, as a wholly owned subsidiary of the ULJANIK Group under the former company name ULJANIK PLOVIDBA. The business was focused on the ownership and management of its own fleet of multipurpose and bulk carriers.
The privatization process began in 1994 through several phases and was completed in 1998 following which ALPHA ADRIATIC d.d. was no longer part of the ULJANIK Group and became an independent company owned by more than 5.000 small shareholders. From 1994 to 2002, the Group had a representative office in London attending to commercial, banking, insurance and legal matters. In 1997, the scope of services provided expanded to include third party ship management of the cruise ship “Dalmacija”, which later became part of the owned fleet.
After the shares of ALPHA ADRIATIC d.d. were listed on the Zagreb Stock Exchange in 2003, in 2004 the company entered into a significant investment cycle and over the following eight years, around USD 500 million were invested in the modernization and renewal of its own dry cargo and tanker fleet, including funds collected through five successful capital increases between 2005 and 2019. From 2004, the Group has entered a new market segment – liquid cargo transportation, by investing in its own fleet of oil and chemical tankers and from 2012 it has continued to develop technical management services for third parties in the tanker sector. A new management subsidiary in Singapore – Alpha Adriatic Shipmanagement Pte. Ltd. was established in 2014 and the scope of ship management services further expanded to include third party ship management for two ro-pax ships. In October 2019 the company name was changed from ULJANIK PLOVIDBA to ALPHA ADRIATIC, as part of a broader rebranding project and as an expression of the company’s desire to modernize and reposition itself on the international market.
Alpha DCM Investments LLC, established in 2021 as an equity investment joint venture vehicle between ALPHA ADRIATIC Group and DC Maritime Partners B.V., purchased the second-hand bulk carriers “Punta” and “Valovine” in August 2021. ASP Adriatic d.o.o. was established in 2021 as a joint venture between ALPHA ADRIATIC Group, ASP Group and Mr. Eduard Hibšer, with the aim to strengthen and further develop crewing services and human resources management as one of the key functions in the ship management industry. Today, ALPHA ADRIATIC is a modern and innovative group that diversifies its activities to adapt to a dynamic maritime market.
Environment protection and social responsibility
Through continuous monitoring and tracking of new technological solutions in shipping and the education of our on-board and shore staff, we strive to reduce the negative impact of our fleet on the environment and to protect environment for future generations.
Supervisory Board
Janez Zevnik
President of the Supervisory board
Zdravko Kačić
Vice president of the Supervisory board
Alen Akšamija
Member of the Supervisory board
Robert Banko
Member of the Supervisory board
Management Board
Igor Budisavljević
Chief Executive Officer (CEO)
Plinio Cuccurin
Procurator
Martina Banković Vidić
Procurator
Igor Budisavljević
Mr. Igor Budisavljević was born on May 7th, 1965, in Pula. He graduated from the Faculty of Law in Rijeka in 1989. He immediately began his career in maritime industry with ALPHA ADRIATIC working with marine insurance and claims, and from 1994 to 2002 he was the Company's representative in Oslo and London offices. From 2002 to 2006, he worked as a project manager, and from 2006 to 2019, he was the manager ALPHA ADRIATIC tanker fleet. He was appointed as the CEO of the Company in March 2019. Over the years, he accumulated experience in many aspects of the maritime industry, including legal, insurance, ship management, chartering, business development, financing and restructuring. He is a member of the Croatian Maritime Law Society and the Assembly of the Croatian Shipowners' Association "Mare Nostrum." He currently serves as the President of the Croatian Shipowners' Association "Mare Nostrum" and is a member of the Executive Committee of the European Community Shipowners' Associations (ECSA).
Plinio Cuccurin
Mr. Plinio Cuccurin was born on November 6th, 1958, in Pula. He graduated from the Faculty of Law in Rijeka in 1981. In 1984, he passed the bar exam and in 1994, the notary public exam. He began his career in 1981 as a legal advisor at Tvornica duhana i ambalaže Rovinj where he worked until 1990. From 1990 to 2003, he was a member of the management board of Tvornica duhana Rovinj d.d. From 2003 to 2006, he was the president of the management board at TDR d.o.o. From 2004 until the end of 2014, he was a member of the management board of ADRIS GRUPA d.d. In 2015, he became a member/founder of the trading company PLINIO d.o.o. and the same year he founded the Mon Perin Foundation. From 2015 to 2018, he worked as a lawyer. He is currently the chairman of the supervisory board of MON PERIN joint stock company for tourism, hospitality, agriculture, and real estate business and TERRA VALLIS limited liability company for management of companies and properties and the business of a tourist agency, and a member of the company PLINIO limited liability company for real estate business.
Martina Banković Vidić
Martina Banković Vidić was born on 20 June 1988 in Pula. She graduated from the Faculty of Law in Rijeka in 2011, whereupon she commenced to work as a Trainee with ALPHA ADRIATIC. From 2012 she is acting as corporate Legal advisor and Compliance Officer. In 2019 she was appointed as Procurator for ALPHA ADRIATIC. She actively continued her legal training and obtained a number of accreditations from specialized courses in Croatia and abroad relating to corporate governance, capital markets, business management and maritime law and insurance. She is member of Croatian Maritime Law Association and Maritime Law and Insurance Commission of Croatian Shipowners’ Association “Mare Nostrum”. In 2017 was appointed as a member of the Commission for amendments to the Croatian Maritime Code. She is currently heading ALPHA ADRIATIC legal department and acting as Company Procurator.
Janez Zevnik
Mr. Janez Zevnik was born on July 5th, 1954. After completing high school at the Maritime High School in Bakar, he passed the mate's exam in 1973. He continued his education at the Higher Maritime School in Rijeka, studying as an economist for maritime industry and a maritime traffic engineer, and passed the captain's exam in 1980. He started his work experience in 1973 as a deck cadet in Jugolinija, where he advanced to deck officer in 1978. From 1985 to 1996, he was a ship’s Captain at ship owning companies „Istarska plovidba“ and „Uljanik plovidba“ (now ALPHA ADRIATIC). In 1997, he continued his career as dry cargo fleet manager at the Company, where he held a senior management position until his retirement in 2020. He is currently employed by the company on a part-time basis as a new projects manager.
Alen Akšamija
Mr. Alen Akšamija was born on October 2nd, 1971, in Pula. After completing his secondary education, he completed his studies at the Faculty of Tourism and Hospitality Management in Opatija at the University of Rijeka in 1996. He continued his education at the Postgraduate Study of Organization and Management at the University of Zagreb and earned a master’s degree in economics in 1999. He began his professional career in 1997 at Jadranski naftovod d.d., where he worked in the Planning and Analysis Department of the Finance Sector until 1999. That same year, he started working at Bank Austria Creditanstalt Croatia d.d. as an Analyst in the Risk Assessment Department. Until 2005, he worked as Deputy Head in the Department for Domestic Companies at HVB Bank Croatia d.d. and as the Head of Domestic Corporates at HVB Splitska banka d.d. He continued his career at Societe Generale Splitska banka as Director of the Large and International Clients and Financial Institutions Department until 2007. From 2007 until September 2022, he worked as the Director of the Deutsche Bank AG Representative Office in Croatia, managing the markets of Croatia, Slovenia, Albania, and Bosnia and Herzegovina. He is currently holding the position of Chief Financial Officer at Arsano Medical Group.
Zdravko Kačić
Robert Banko
Mr. Robert Banko was born on September 28th, 1978, in Pula. He completed his studies at the Faculty of Economics and Tourism "Dr. Mijo Mirković" in Pula in 2001, earning a master's degree in economics with a major in finance. From September 2003 to January 2005, he worked as an intern at the Ministry of Finance and Tax Administration, during which time he also passed the state professional exam. In May 2005, he was employed as an intern at the Company, and from 2007 to 2012, he worked as a business control officer. Since 2012, he has been working as a financial manager at the Company. He was elected to serve as a Supervisory Board member appointed by the employees of the Company.