Russia to boost shipbuilding market share

Russia will account for two percent of the world’s shipbuilding market by 2020, Deputy Industry and Energy Minister Andrei Reus told a governmental commission meeting that he expects the domestic shipbuilding industry’s output to be up 1.5 times by 2010 and 2.2 times by 2015. Meanwhile, commercial shipbuilding growth should have priority and, by 2020, commercial shipbuilding should represent 40% of Russia?s total output.