Russia’s shipbuilding cluster to be created on the basis of Far Eastern Shipbuilding and Ship Repair Center
Russia’s shipbuilding cluster for construction of vessels and marine equipment will be created on the basis of Far Eastern Shipbuilding and Ship Repair Center OJSC (subsidiary of United Shipbuilding Corporation OJSC) according to the Government Order No 1804-r dated September 12, 2014.
The draft Order was elaborated by the Ministry of Industry and Trade in compliance with the Presidential Decree No 524 dated July 21, 2014 “On the development of shipbuilding in the Far East”.
The cluster is to be created to improve the competitiveness and investment attractiveness of domestic shipbuilding in the Far East region, enhancement of the production potential of the shipbuilding industry for comprehensive development of Russia’s continental shelf in the Arctic and the Far East regions.
The cluster will include:
- consortium established by the closed joint stock companies Gazprombank and Rosneft in the form of the closed joint stock company “Modern Shipbuilding Technologies”. The share of the consortium in Far Eastern Shipbuilding and Ship Repair Center is 75% of shares minus 2 shares;
- United Shipbuilding Corporation with the share of 25% plus one share.