St. Petersburg Shipbuilding Industry Sees Decline

Tuesday, July 25, 2006
Shipbuilding in St. Petersburg, according to the St. Petersburg Times, is shrinking. In the past, the city’s three largest shipyards - Admiralteyskiye Verfi, Baltiysky Zavod and Severnaya Verf - were overloaded with state orders for submarines and ships, tankers and ice-beakers. But today, many shipbuilding engineers and workers are facing a different circumstance. State orders are no longer able to support the industry. Instead, more successful are those who export their frigates and submarines to India and China. These days any land in St. Petertsburg, but especially along the coast, is in high demand. Shipyards are attracting property developers rather than researchers and developers. At first, most shipyards were privatized in the early 1990s and since then have undergone numerous changes in ownership. Most recently, old shipyards are being looked at for their property value and potential of real estate development. Almaz, a medium-sized shipyard located on Petrovsky Island, was sold to the local management company Nevsky Capital. The new owners announced their plans to optimize the plant’s production facilities and include Almaz in their real estate projects, which implies that the company will limit its stay in the industry. The future of Baltiysky Zavod and Severnaya Verf is also unclear. These yards, which have changed hands several times, have, since last year, been owned by OPK, a daughter company of MezhPromBank. According to industry rumors, the bank may sell the holding to the Russian government, uniting several enterprises in the process. Such a merger would obviously mean production be concentrated at one site, with another being used for the construction of new real estate. (Source: St. Petersburg Times)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Norsafe Secures Contract with VARD Group

Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels.    Topaz Energy

NASSCO Wins Six Ship U.S. Navy Contract

General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), won a contract by the U.S. Navy for the detailed design and construction of the next generation of fleet oilers,

Austal Stops Shares Trading

Review of U.S. Ops Reportedly Underway The West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.

Ports

Netherlands Opts for ‘Flexible’ Container Weighing

As of July 1, shippers and freight forwarders are required to verify the weight of a container before the container is loaded onto a ship.   The Netherlands’

Xeneta: No Silver Lining for Container Shipping in Brexit Storm

Xeneta, a  global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will

Mersey Maritime: Small Business at Heart of Isle of Man Partnership

UK Industry trade body Mersey Maritime has announced a new trade agreement with the Isle of Man Shipping Association (IOMSA) which aims to supercharge bilateral trade,

 
 
Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0697 sec (14 req/sec)