Almost two years after laying the foundation stone – on October 5, 1858, the first ship – SMS Kaiser – having a deadweight of 5,194 tonnes, was launched from the berth.

[citation needed] It was named after an islet on which there used to grow olive trees while at present the steel and hull fabrication workshops are situated there.

[citation needed] In the Republic of Croatia, formed during the Croatian War of Independence, it became a joint-stock company, continues with the shipbuilding production of different and special ships and in the second half of 1998, it enters the period of great technological rebuilding.

In the period from 1947 to the end of 1998, Uljanik delivered 194 newbuildings, totalling more than 6 million DWT, to buyers from all continents.

[4] After the Uljanik Group filed for bankruptcy in mid-2019, it was decided in January 2020 to liquidate the parent company, with the shipyard site and inventory initially being retained.