Croatian shipowner Alpha Adriatic has disputed the amount shipbuilder 3 Maj is seeking in compensation in a court case.

Alpha, which was until recently called Uljanik Plovidba, is facing legal action over a vessel order project at its compatriot shipbuilder.

It in a statement it said that, "in the interest of providing accurate information to the investors", it was correcting inaccurate domestic media reports that the amount at issue was HRK 150m ($22.38m).