Russia To Form Shipbuilding Cluster In Far East

Russia To Form Shipbuilding Cluster In Far East

July 2, 2015 –¬†The Russian government has decided to establish a shipbuilding industry cluster in the Far East, the Cabinet reported earlier today, TheNewsOnline¬†reported.

It will be based on the Far Eastern Zvezda Shipyard (DVZ Zvezda), the leading enterprise engaged in the modernisation of nuclear missile submarines. Prime Minister Dmitry Medvedev has signed an executive order to alienate shares of the United Shipbuilding Corporation, which will consolidate the assets to form a cluster.

The JSC DVZ Zvezda is located in the town of Bolshoi Kamen in Russia’s Primorsky region.

The cluster for the construction of marine equipment is created on the basis of JSC Far Eastern Shipbuilding and Ship Repair Centre.

“The decision will contribute to the creation of a shipbuilding industrial cluster in the Far East, implementation of the state programme for the development of shipbuilding and technology for offshore development in 2015-2030, enhancing competitiveness and investment attractiveness of the domestic shipbuilding industry, development of the production potential of the shipbuilding industry,” the government said.

DVZ Zvezda is a leading shipyard providing services for repairs of submarines of the Russia’s Pacific Fleet and the only company in the Far East specialising in repairs, conversion and modernisation of nuclear-powered ballistic missile submarines.

JSC Far Eastern Centre of Shipbuilding and Ship Repair (a sub-holding of United Shipbuilding Corporation) owns 78.73 per cent of common stock in Zvezda Shipyard. United Shipbuilding Corporation was founded in 2007 as a 100-percent state-owned group of companies consolidating about 70 per cent of domestic shipbuilding industry.

USC currently incorporates three regional shipbuilding centres, nine engineering and design offices and 39 dockyards.

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