Ministry of Industry and Trade drafted Presidential Decree on Integration of Zvezda and Iceberg into Modern Shipbuilding Technologies JSC

Russia’s federal portal for legal information has published a draft decree of RF President developed by the Ministry of Industry and Trade “On creation of a unified cluster for the development of Arctic shipbuilding”. According to the explanatory note, the draft document is aimed at integration of Zvezda Shipbuilding Complex and Iceberg Design Bureau under the auspices of Modern Shipbuilding Technologies (MST JSC) as well as at creation of a unified cluster of Arctic shipbuilding.

The draft decree foresees the sale of federally owned 34,523 ordinary shares of FSUE Krylov State Research Center (under economic management of KSRC) and 12,495 preferred shares of Iceberg Design Bureau (65.49% of Iceberg’s authorised capital) to MST.

Established in 1947, Iceberg Design Bureau is a general designer of all nuclear-powered icebreakers. It designed special communication ships for the Defence Ministry of USSR (Project 1941, Ural, with nuclear propulsion and Project 1826) and Russia (Project 18280 – Yury Ivanov and Ivan Khurs).

As of today, 65.49% of Iceberg Design Bureau’s stock is under economic management of Krylov State Research Center.

Further development of Rosneft’s designing potential is needed to ensure engineering, technical and design support of Zvezda Shipbuilding Complex involved in construction of marine facilities.

In the future, integration of Zvezda Shipbuilding Complex, the leader in construction of icebreaking ships, and Iceberg Design Bureau, leading designer of icebreakers, into a single cluster will ensure the creation of a powerful center of Arctic shipbuilding with no counterparts worldwide, and will also let attract off-budget resources for the development of Russia’s fleet of icebreakers.