Croatian tanker and bulker owner Alpha Adriatic has formed a joint venture with Australian ship manager ASP Ships to ensure a steady supply of seafarers.
The Zagreb-listed company said it has set up ASP Adriatic in Croatia, taking an 80% stake.
Rijeka-based tanker and bulker crewing executive Eduard Hibser owns the rest.
The idea is then for Melbourne-headquartered ASP Ships to come in as a majority owner.