New Russian shipbuilding cluster MoU

The new cluster in Primorskiy Krai, will centre round the new Zvezda shipyard which will be built in 2016. The companies have also agreed key terms for technology exchange, localisation of production and contracts placement.

Igor Sechin, president and chairman of the management board at Rosneft, explained that the MoU was made following a decision by the Russian President, Vladimir Putin. He said the project will have considerable multiplying effect in all related industries.

“We are glad the project will be implemented with the support of such an experienced technological partner as DSME, which owns cutting-edge technologies, as well as globally recognised reputation for shipbuilding, engineering and production of marine equipment for offshore projects. We are convinced the cluster will become a centre for high-tech arctic shipbuilding in Russia,” Mr Sechin added.

The MoU itself was signed in the presence of Vladimir Putin, President of the Russian Federation, and Park Geun-hye, President of the Republic of Korea, as part of the official visit of the Russian President to the Republic of Korea.