United Shipbuilding, DSME Plan Russian Yard

27 October 2009 (Last Updated October 27th, 2009 18:30)

Russian United Shipping Corporation and Daewoo Shipbuilding and Marine Engineering have announced plans to build a $1.55bn shipyard in Russia’s Far East. The companies are planning to produce ice-class vessels, gas tankers, floating natural gas plants and drilling ships at the shipya

Russian United Shipping Corporation and Daewoo Shipbuilding and Marine Engineering have announced plans to build a $1.55bn shipyard in Russia’s Far East.

The companies are planning to produce ice-class vessels, gas tankers, floating natural gas plants and drilling ships at the shipyard in Bolshoy Kamen in the Primorye region.

United Shipbuilding will have a controlling stake in the venture, according to industry sources, and will be looking to produce the first vessel in 2012.