Sevmash teams up with Daewoo.
The Korea-based Daewoo Shipbuilding is ready to bid for oil and gas projects together with with the northern Russian shipyard of Sevmash.
During a visit to South Korea last week, Sevmash General Director Nikolai Kalistratov confirmed that Daewoo is ready to take on joint operations with the Russians. A part of the deal will be the training of Russian specialists in the Korean yard. Also Korean representatives will visit Severodvinsk for acquaintance with the Sevmash, a press release from the company reads.
Sevmash, which traditionally is specialized in the construction of nuclear submarines, has over the last years expanded into non-military shipbuilding and is today also engaged in the construction of platforms and other oil and gas installations.