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MOSCOW. (Viktor Litovkin for RIA Novosti) - Russia's shipbuilding industry, as well as its aviation industry, has launched a sweeping modernization program.
President Vladimir Putin has signed decrees setting up a United Shipbuilding Corporation (known by its Russian initials, OSK) to consolidate large federal companies engaged in shipbuilding. Within the next few months, three regional subholdings will be formed. One of them - the Western Center - will unite shipbuilding companies in St. Petersburg and Kaliningrad. The Northern Center will take care of all Severodvinsk plants in the Arkhangelsk Region, and the Far Eastern Center will bring together companies located in Komsomolsk-on-Amur, Vladivostok and Nakhodka. 100% of shares in the holdings will be federally owned, and by January 1, 2009, they will be contributed to the authorized capital of the OSK, which will be headed by Colonel General Alexander Burutin, a presidential adviser on military industrial affairs.
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Russia on April 15 will launch its first new strategic nuclear submarine since the downfall of the Soviet Union, Deputy Prime Minister Sergei Ivanov told the Interfax news agency April 9.
"This is the first time in 17 years that we are building such a submarine. Another year will be needed to technically equip it in water and to arm it," Ivanov said at a government meeting, attended by President Vladimir Putin
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A Russian shipyard lost a contract with a Norwegian company worth more than $500 million because of production delays and price increases -- a situation Russian media described Tuesday as a reflection of inefficiencies in the nation's heavy industries.
Odfjell SE announced last week that it was canceling the contract with the Sevmash plant for up to 12 bulk chemical product carriers, saying its terms were violated. Odfjell also said it would claim full compensation for its costs and losses caused by what it called "willful misconduct and massive contract breaches."
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Norwegian shipbuilder Aker Yards has sold a 70% share of its merchant vessels division to Russian state-run investment company FLC West for Eur292m. The deal will give FLC complete control of the company’s yards in Nikolaev (Ukraine), Wismar and Warnemunde (Germany).
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During his first working visit to St. Petersburg as Prime Minister Vladimir Putin has visited the city’s federal shipyard. While there, he called on the country to improve its competitiveness in ahipbuilding , as well as providing maritime services.
In his first week on the job Prime Minister Putin is taking up where President Putin left off.
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Sovcomflot, JSC announces a further step in its integration with Novorossiysk Shipping Company, JSC (Novoship), following the consolidation of both companies in December 2007.
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Russia’s Vyborg Shipyard has seen a ceremony to mark the start of construction on the first of two semi-submersible platforms which will be built to serve the Barents Sea Shtokman project.
The keel laying ceremony for the semi-submersible floating drilling rig - dubbed SSFDR - took place watched by a delegation from Gazflot,...
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RIA Novosti reported that Russia's Admiralty Shipyard will move a new enhanced ice class tanker, the Mikhail Ulyanov from a dry dock to a wet dock on Friday for the final stages of construction work.
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The first vessel built to comprehensive new global standards for ice-class vessels was unveiled today when the Primorsk Shipping Corporation (PRISCO) named the MV Prisco Alexandra, a 51,000 deadweight-tonne product tanker built in Korea to rules developed by Lloyd's Register.
