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  • 2022 June 30 09:59

    RF Ministry of Industry and Trade to develop mechanisms to support modernization of shipbuilding facilities by private companies

    The Ministry of Industry and Trade of the Russian Federation is developing a programme for creating mechanisms to support private companies in modernization of shipbuilding facilities, IAA PortNews correspondent cites Boris Kabakov, Director of the Shipbuilding and Marine Equipment Department of the Ministry of Industry and Trade, as saying at the Arctic Shipbuilding Forum in Arkhangelsk.

    “USC companies will have an access to modernization mechanisms but we have a large number of private companies.  They need a separate programme. We are currently working with them to understand the scope of assistance needed for modernization of those companies,” said Boris Kabakov.

    Speaking about possible support alternatives he mentioned attraction of commercial resources and subsidizing of interest rates under Order 383.

    There is also another alternative: “GTLK can build docks of various capacity for itself, without looking for customers, and then lease them out to shipbuilding companies,” explained Boris Kabakov.

    More issues will be discussed at Ship Repair, Modernization and Components Conference which is to be held on the zero day of the Global Fishery Forum and Seafood Expo Russia (SEAFOOD EXPO RUSSIA) on 20 September 2022 in Saint-Petersburg. The event is organized by PortNews Media Group with the support of United Shipbuilding Corporation (USC). More about the event >>>>




2022 August 18

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11:03 Royal IHC and Karnafuly Ship Builders sign contracts for design, engineering and equipment of four CSDs
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2022 August 17

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14:55 Port of Hamburg's total throughput up 0.9 percent to 4.4 million TEU in H1 2022
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11:42 New floating production unit delivered to ABS Class
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