In the second day of St. Petersburg International Economic Forum, Russia’s largest shipbuilder, United Shipbuilding Corporation (USC), signed a joint venture agreement with South Korea’s STX Shipbuilding to build a new $1.8 billion shipyard at Novo-Admiralteysky in Saint Petersburg to meet the maritime transport needs of liquefied natural gas from Russian fields in the arctic and subarctic shelf.
At the Forum, Roman Trotsenko, the head of the Russian state-owned company commented that STX will acquire 25 percent of the St. Petersburg shipyard and will provide the technical oversight of the state-funded project.
On the same day, USC announced they had entered into a $1 billion agreement with Sovcomflot (SCF), the world’s largest operator of ice-class vessels, to construct up to 4 seismic survey vessels.
“This high cost of the project”, Mr. Trotsenko explained, “is due to increased complexity of ships and technologies of their manufacture.”
According to First Deputy General Director of SCF”Eugene Ambrosova “cutting metal for ships will begin next year and the first ship will be ready within two years after the start of construction.”
U.S. President-elect Donald Trump is serious about trying to acquire Greenland, both to expand America's sphere of influence in the Western Hemisphere and as a way to cement his legacy, according to three sources familiar with his thinking.
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.
December 27, 2024
Total Views: 1327
Sign Up Now for gCaptain Daily
We’ve got your daily industry news related to the global maritime and offshore industries.
JOIN OUR CREW
Maritime and offshore news trusted by our 109,025 members delivered daily straight to your inbox.
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the ...
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.