Russia renews focus on commercial shipbuilding

Various industry ministries have been charged with analysing industry prospects until 2030, with the findings to be submitted in January 2015. The study forms part of the State Programme “Development of shipbuilding in 2013-2030”, which aims to satisfy the needs of both the state and domestic business in terms of modern vessel production.

With the government publicly stating that in order to ensure the development of a commercial shipbuilding sector, contracts must be placed with companies outside the United Shipbuilding Corporation, there are bound to be business opportunities that will develop from this major shift in policy.

Beyond the short term, prospects for developing commercial shipbuilding within Russia remain strong. The current order book for civil maritime vessels and facilities for the period until 2030 is promising, extending to 1,250 units, including more than 40 oil tankers and gas carriers, 300 offshore supply vessels and 150 drilling and survey platforms.

The Russian government also apparently intends to push ahead with the development of the Northern Shipping Route, giving more efficient access to Europe across the Arctic. More cargo being transported via the Northern Sea Route will have a direct impact on the volume of orders placed for Arctic transport vessels and icebreakers.

The 2015 impetus on competitive opportunity coincides with the 13th International Maritime Exhibition and Conferences of Russia – NEVA 2015, which provides a collaborative, global platform to promote Russia’s commercial shipbuilding, ship equipment and related maritime industries.

More information from NEVA 2015