UIC (United Industrial Corporation) and DSME (Daewoo Shipbuilding and Marine Engineering) have signed a memorandum of cooperation in implementation of shipbuilding projects, the company reports. The document envisages cooperation, coordination of strategies and joint activities in implementation of priority shipbuilding programs aimed at creation of an up-to-date shipbuilding complex in the North-West region of Russia capable of building large-capacity sea-going vessels with deadweight of up to 300,000 tonnes and annual deadweight of up to 500,000 tonnes.
Daewoo Shipbuilding and Marine Engineering is the second largest shipbuilding company in terms of construction of commercial vessels. DSME accounts for 10% of total world’s production and 30% of the world’s production of gas carriers. The company’s turnover is $8 billion per year. DSME comprises shipyards in Korea, China, USA, Romania.