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2010 October 28   12:41

Caspian Energy, USC to build two dry-cargo vessels for WSC under leasing scheme

The Caspian Energy Group and JSC United Shipbuilding Corporation (USC) are planning to build two dry cargo carriers of project RSD49 for JSC Western Shipping Company (WSC), the Group’s press-service reports.
The vessels will be constructed under the leasing financing scheme with the participation of the lessor - JSC Goznak-Lease and the lessee - JSC Western Shipping Company. USC acts as a lender of the leasing company.
 
Construction of dry bulk carriers will be at JSC Shipyard Lotos (44% of the shares owned by USC, 45.72% - by the Caspian Energy Group), part of production assets of Astrakhan Shipbuilding Production Association LLC.
The implementation of this order for both companies will be the first experience of cooperation within the Southern Center of Shipbuilding and Ship Repair, established in accordance with presidential decree in the Astrakhan region.

The ship's length is about 140 meters, breadth - 16, 5 m, deadweight in the fresh water - 4.525 tons, deadweight in salt water - 7.157 tons.

JSC Group of Companies ‘Caspian Energy’ (CNRG Group) was established in 2006. The Group’s key activities are design, construction and installation of offshore equipment for development of offshore oil and gas deposits. CNRG Group is the only Russian contractor, working under the EPCI (Engineering, Procurement, Construction, Installation). It is Included in the group of companies united on the divisional basis: engineering expertise is concentrated in the Center of Marine Technology ‘Shelf’, including DB ‘Coral’(Sevastopol) , DB ‘Vimpel’ (Nizhny Novgorod), DB ‘Caspian’ and DB ‘Astramarin’ (Astrakhan). Production - Astrakhan Shipbuilding Production Association LLC (ASPA). Service division - the operator of ships and floating cranes for the offshore operations Crane Marine Contractor LLC. The Group’s project management provides Caspian Energy Projects LLC.

United Shipbuilding Corporation, founded in 2007, incorporates three regional shipbuilding centers: JSC Western Shipbuilding Center (St. Petersburg), JSC Northern Center of Shipbuilding and Ship Repair (Severodvinsk), JSC Far Eastern Center of Shipbuilding and Ship Repair (Vladivostok), as well as leading marine design offices.

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