Russian Government to Boost Its Shipbuilding Industry

United Shipbuilding Corporation is about to launch its ambitious program that might return competitiveness to this sector of Russian economy. This sector includes over 1 thousand of companies and employs more than 450 thousand of specialists. USC, established in 2007 with 100% state ownership, owns more than 30 companies in 11 regions of Russia.

The Russian Government, in 2007, adopted a program named “Development of civil sea technics in 2009-2016”. According to the program Russian Government plans to invest USD 4.4 billion for purchasing of new foreign technologies and development of Its own technologies. If this program comes to an end Russian shipbuilding industry will grow 2,5 times.

In the near future Russia will construct two ultramodern shipyards on the Far East and invest in  modernization of Admiralteiskie Verf and Yantar shipyard

Vladimir Putin​ during his visit to Severodvinsk in November mentioned that the works on one of them are already on the way. This will be the shipyard “Zvezda DSME” in the town Bolshoy Kamen near Vladivostok. The new shipyard which is the joint venture of USC and Daewoo Shipbuilding & Marine Technologies will be specialized on construction of big tonnage tankers for shipping of oil, gas and chemical products.

Another modern shipyard will be built on the Far East together by USC and Yantai Raffles Shipyard Ltd., Singapore.

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Shipbuilding Tribune Staff, January 4, 2012; Image: dcss