As of 30 December 2014, Finland's Arctech Helsinki Shipyard is now 100 percent owned by Russia's United Shipbuilding Corporation (USC) after the company acquired the other half of Arctech's shares from STX Finland Oy. The shipyard specializes in building icebreaking vessels and currently has six vessels on order, the first of which is scheduled for delivery in Q3 2015 to … [Read more...]
Alexei Rakhmanov Takes Top Position at Russia’s United Shipbuilding Corp
Denis Manturov, the head of Russia's Ministry of Industry and Trade announced the appointment of Alexei Rakhmanov as President of United Shipbuilding Corporation. Rakhamnov has been Russia's Deputy Minister of Industry and Trade since March 2012. Manturov presented a plan by which the company would increase its output by 50 percent by 2018 and double its market share … [Read more...]
Arctech Helsinki and USC Joint Venture to Build New Finnish Icebreaker
Arctech Helsinki Shipyard, in a joint venture with Russia's United Shipbuilding Corporation (USC), signed a contract with the Finnish Transport Agency to build a new 19MW dual fuel LNG-powered icebreaker aimed for use in the Baltic Sea. The cost of the new vessel is in the range of € 123 million (including € 24 million in European Union grants, and it is expected to be … [Read more...]
Russia-Finland JV Wins Tender to Build Dual Fuel Icebreaker
A joint venture between Russia's United Shipbuilding Corporation and the Finnish branch of shipbuilding group STX Arctech Helsinki Shipyard has won a tender for the construction of an icebreaker for the Finnish Transport Agency. At a price tag of 123 million euros, this new, dual fuel icebreaker will be capable of plowing continuously through 1.6 m thick level ice. When … [Read more...]