Russian shipping companies need additional state support for fleet renovation, UCL representative says
Russian shipping companies need additional state support for fleet renovation, IAA PortNews journalist cites Ilja Yelisavetsky, representative of UCL Holding, as saying at the All-Russia Forum “Shipbuilding and Shipping in Russia: new solutions and economic efficiency” being held in Moscow.
According to him, the industry requires guarantees of sufficient financing of earlier raised loans and signed leasing agreements, increased subsidies to 0.9 discount rate of RF Central Bank, increase of marginal rate used for calculation of subsidized loans and leasing agreements in foreign currency to 12%, access of shipping companies to long-term financing without lodging of security or other financial security (for cargo fleet – at least 15 years, for passenger fleet – at least 20 years), as well as introduction of utilization grant.
According to Ilja Yelisavetsky, shipbuilding programme of UCL Holding includes 60 vessels (30 dry cargo carriers and 30 oil tankers). 46 vessels were delivered in 2010-2013, investments from 2009 totaled RUB 26.2 bln. The Holding has had 22 tankers of project RST 27, 10 dry cargo carriers of project RSD 44 and 10 of RSD 49 as well as 8 tankers of project 19614 built overt the period.