Global Ship Order Book Hits 17-Year High as Tanker Orders Surge
The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across the 2020s continues to...
Roslyakovo, image by Nikolay Belyaev
Russian Deputy Prime Minister Dmitry Rogozin announced on Saturday that Russia’s Ministry of Defense had given Rosneft the approval to go ahead with a plan to develop a “center of Arctic shipbuilding” at Roslyakovo in Murmansk. It’s unclear whether this entails the development of an entire new shipyard(s), or the investment into the existing yards in the area which have historically supported Russia’s Northern Fleet under the direction of the 100 percent state-owned United Shipbuilding Corporation (USC).
In August of 2013, Russian President Vladimir Putin acknowledged that Russia’s commercial shipbuilding was “losing to the competition” and that for the continued offshore oil and gas development of the Russian arctic and the expansion of trade through the Northern Sea Route, an estimated 512 ships may be needed at a total cost of 6.5 trillion rubles (USD $187 billion) through 2030.
Rogozin notes via social media that investment into the Black Sea-located Novorossiysk shipyard will also commence to support expansion of Russia’s Black Sea Fleet.
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