Krasnoye Sormovo to Build Eleven Cargo Ships for STLC

Krasnoye Sormovo Shipyard, a unit of Russia's largest shipbuilding company United Shipbuilding Corporation (USC), has been awarded a contract to build dry cargo ships under Project RSD59 for State Transport Leasing Company (STLC).

Three vessels from the batch are set to be delivered by December 2019, another four are to join the fleet by the end of 2020, while the remaining four units would be delivered by the end of 2021.

According to a press release, Krasnoye Sormovo has won an open competition for construction of 11 ships over a period of three years, by the end of 2021.

Krasnoye Sormovo shipyard was the only participant of the competition announced by STLC. The tender is valued at approximately 10.67 rubles (US$161 million).

This is the third series of RSD59 ships ordered by STLC to Krasnoye Sormovo. The first series of five ships was completed in October 2018, the second one numbering four units is under construction.