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Joint shipyard in Russian Far East

Joint shipyard in Russian Far East
Construction of joint Russo- Korean and Russo-Singaporean shipyards in the Far East of Russia is scheduled for completion in the first quarter of 2012.

Russia, Korea, Singapore to build shipyards in the Russian Far East.

Construction of joint Russo- Korean and Russo-Singaporean shipyards in the Far East of Russia is scheduled for completion in the first quarter of 2012, 24 months from now, Roman Trotsenko, the CEO of the United Shipbuilding Corporation (USC) announce at a meeting with Russian Prime Minister Vladimir Putin. Earlier the Russo-Korean shipyard completion schedule was set for late 2011, the RF Government press service reports.

"Construction is on schedule. Our Korean colleagues are perhaps a little more active in this direction. We believe that we"ll have the project documentation in May, before the construction season. Preparatory works on the site are already underway, heavy machinery operate. We expect the entire construction project will have been completed in 24 months over. No disruption", Mr. Trotsenko was quoted as saying.
At the same time, he said, the announced 3-year delay in developing the Shtokman field could not but affect the business plans for a joint venture with Korea. Mr. Putin said the government would support and help to develop the Shtokman deposit as well as the shipyard joint venture project.

As previously reported, the United Shipbuilding Corporation (USC) and the Korean Daewoo Shipbuilding and Marine Engineering (DSME) have started a 45-b-rubles shipyard project in Primorsky Territory. The agreement was signed in fall 2009. The shipyard is expected to build large-capacity ice-class vessels (tankers, gas carriers of capacity of 80.000-260.000 cubic meters), drilling vessels, floating plants to produce liquefied natural gas.

In mid-October last year, the USC also signed an agreement with Singapore's Yantai Raffles to build another shipyard in the Russian Far East. The shipyard is projected to build submersible and semi-submersible platforms and drilling equipment.

www.turkishmaritime.com.tr

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