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Foundry Daily News

11. March 2009

Recovery signs - Russia to build over 1,000 civilian ships in 20 years

RIA Novosti citing Mr Vladimir Putin prime minister of Russia as saying that Russia's United Shipbuilding Corporation will build more than 1,000 civilian vessels in the next 20 years. Mr Vladimir Putin chaired a meeting in St. Petersburg on the development of the shipbuilding industry. He said the number includes 265 fishing vessels and 791 freighters. He added that Russian energy majors Gazprom and Rosneft plan to order another 307 vessels by 2030. Mr Putin said Russia's shipbuilding industry needed comprehensive modernization, diversification, and the construction of new shipyards. Mr Viktor Khristenko Russia's industry minister said that on domestic orders for civilian ships are expected to reach RUB 680 billion by 2015. He said the volume of orders per year could triple compared with the current amount of annual orders, which total some RUB 30 billion to RUB 35 billion. Some 160,000 people are employed at 168 shipbuilding enterprises across Russia. Most of the enterprises are located in the northwest of the country.

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