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.