The rate of growth in shipbuilding industry of Russia in 2010 is projected at 103.2%, and in the period 2011-2013 the development of shipbuilding is expected at not less than 104-105%, the Russian Ministry of Industry & Trade year-end data said. This growth is believed to be achieved through the completion of large newbuildings orders at the country's leading shipbuilding companies.
Promising in terms of development in 2011 is the market for LNG carriers - the fastest-growing and high-priced segment of the world shipbuilding industry. As the Ministry of Industry said, the LNG carriers are laid down at foreign shipyards largely for the transportation of Russian gas, including the Arctic shelf projects. The demand for such vessels now exceeds supply, and orders are accepted for the period after 2011. Until 2020 the need for such LNG carriers in Russia will be about 20 ships with a capacity of 175,000-215,000 cbm (each one worth over $200 m). The cost of LNG carriers for the Shtokman project only may exceed $7 billion.
Promising in terms of development in 2011 is the market for LNG carriers - the fastest-growing and high-priced segment of the world shipbuilding industry. As the Ministry of Industry said, the LNG carriers are laid down at foreign shipyards largely for the transportation of Russian gas, including the Arctic shelf projects. The demand for such vessels now exceeds supply, and orders are accepted for the period after 2011. Until 2020 the need for such LNG carriers in Russia will be about 20 ships with a capacity of 175,000-215,000 cbm (each one worth over $200 m). The cost of LNG carriers for the Shtokman project only may exceed $7 billion.