Volgotrans signs agreement with United Shipbuilding Corporation on construction of 30 sea/river tankers within three years

Shipping company Volgotrans (Samara, member of Russian Chamber of Shipping) has signed an agreement with United Shipbuilding Corporation (USC) for construction of more than 30 sea/river tankers of 6,000-7,500 DWT within three years, Aleksey Palgov, Deputy Director General of the company told IAA PortNews. The ships will be built to Russian designs and will sail under the flag of Russia. The orders will be placed at both USC and non-USC shipyards. All state support measures will be used to finance the project: subsidized leasing, utilization grant and Government Decree No 383 on refunding of loan interest rates. 

“The agreement was signed under Volgotrans’ programme on fleet upgrading and state programme on civil shipbuilding development. That is the largest agreement on construction of commercial cargo ships signed in our segment over the recent decades”, said Aleksey Palgov.

In October 2017, Volgotrans said it was the first recipient of the ship utilization grant. 

The fleet of Volgotrans numbers 20 ships mostly chartered by Rosneft.