Croatian shipbuilder 3 Maj has won a contract for a polar exploration cruiseship.

The yard, part of Uljanik Group, said in a stock exchange filing that delivery is set for 2020.

No price was revealed and the international client was not named.

Pula-based Uljanik is already building two 240-passenger ships for Scenic Tours.

The group is looking for a new strategic investor for its state-backed financial restructuring.