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  Tuesday, October 15, 2019
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Russia's United Shipbuilding Corporation will build more than 1,000 civilian vessels
Russia's United Shipbuilding Corporation will build more than 1,000 civilian vessels in the next 20 years, the Russian prime minister said on Friday.

Vladimir Putin chaired a meeting in St. Petersburg on the development of the shipbuilding industry.

He said the number includes 265 fishing vessels and 791 freighters.

He added that Russian energy majors Gazprom and Rosneft plan to order another 307 vessels by 2030.

Putin said Russia's shipbuilding industry needed comprehensive modernization, diversification, and the construction of new shipyards.

Russia's industry minister said on Friday domestic orders for civilian ships are expected to reach 680 billion rubles ($19 billion) by 2015.

Viktor Khristenko said the volume of orders per year could triple compared with the current amount of annual orders, which total some 30-35 billion rubles.

Some 160,000 people are employed at 168 shipbuilding enterprises across Russia. Most of the enterprises are located in the northwest of the country.


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