Russian and Finnish marine industries strengthening cooperation

The Association of Finnish Marine Industries (AFMI) and Russian joint stock company United Shipbuilding Corporation (OCK) have signed a cooperation agreement in Helsinki, with an aim to explore the opportunities of Finnish shipbuilding and marine industry to participate in shipbuilding programmes of Russian shipyards.

OCK is a joint stock company that started its operation in April. It administers Russia’s largest shipyards in North-Western and Northern Russia and the Far East, as well as the marine design offices in their service.

Offshore Technology Center Oy will coordinate the implementation of the agreement on behalf of the AFMI. In Finland, the participants will include the largest shipyards, design offices and equipment and material suppliers. The agreement signed is believed to open up significant delivery opportunities for Finnish shipbuilding and marine industry companies in the Russian market. The Russian party has expressed its particular interest in arctic expertise, design competence, offshore technology and certain equipment and material deliveries. The cooperation will also open up new business opportunities between Finland and Russia, for instance, in relation to the development of new shipyards.