Russian IEA to Order Up to 30 Ships

Russian Industrial and Ecological Alliance CJSC is looking to order up to 30 ships, according to the company’s CEO Arnold Ivanov, quoted by ABC.AZ business information portal.

The Russian company’s orderbook includes ships of river-and-sea tankers of  8,000 dwt and bulkers of 7,000 dwt.

According to Ivanov, a Memorandum of Intention on building 20 ships has already been signed with Russian shipyard Krasnoye Sormovo.

The company is currently in talks with Azerbaijan’s Baku Shipyard on potential order of containerships.

We plan to build about 30 ships within our project on restoration of river navigation between Baltic, Caspian and Azov seas with the cost of $833 million (including $540 million for the fleet building). We have already raised a loan from Beirut branch of Lloyd Banking Group for this purpose,” Ivanov said.

As the financing is already available, construction of the first tanker can begin in December, he added.

World Maritime News Staff