Putin Orders the Creation of State Shipbuilding Champion

Tuesday, March 13, 2007
President Vladimir Putin ordered the government and the Industry and Energy Ministry to prepare a draft decree on setting up a state-controlled shipbuilding compan, Moscow Times reported. Shipbuilding is one of the three industries that the government wants to develop as part of its drive to diversify the economy away from oil and gas exports -- a bid spearheaded by First Deputy Prime Minister Sergei Ivanov. The other two sectors are the aircraft-building and space industries. The decree should be completed within the week, Putin said at Monday's Cabinet meeting. Putin added that Ivanov would supervise the creation of the company.

An Industry and Energy Ministry spokeswoman said Monday that she was unaware of any prospective candidates to head the company. The federal budget will set aside $3.5b on boosting civil shipbuilding from 2008 to 2015, while Russian companies will need $22.8b worth of new ships and oil rigs over this time frame, the Industry and Energy Ministry said in an e-mailed presentation. Construction of service ships and oil and gas rigs for offshore projects will account for two-thirds of the companies' anticipated spending, the ministry said. Most of the orders are expected to come from Gazprom, Rosneft and LUKoil, Industry and Energy Minister Viktor Khristenko said in a speech at the State Duma last month.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Keel Laid, Fabrication Started on 2 Navy Warships

This week, General Dynamics Bath Iron Works celebrated two milestone events for the Arleigh Burke-class program. On October 30, Bath Iron Works held a keel laying

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

Braemar Hosts Insurance Experts

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0867 sec (12 req/sec)