Russia offers India leasing and building of huge capacity ships
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FEATURE | RUSSIA'S SHIPBUILDING INDUSTRY: STEADY GROWTH OVER THREE DECADES
By Vitaly Chernov - October 12, 2021
During the heyday of the former Soviet Union, shipyards were scattered all over the various socialist republics. After the collapse of the Soviet Union, Russia lost access to many shipbuilding and ship repair enterprises, and later in the 90s the country lost many competencies in the field of shipbuilding. At present, though, we can say that Russian shipbuilding is entering a revival. Thanks to government support measures, the construction of ships of various classes and uses is in full swing, with high hopes set on the Primorsky Territory-based Zvezda Shipbuilding Complex.
There remain significant challenges, however. Among these are the need to increase local content in the manufacture of marine component equipment, personnel training, and modernisation of local shipyards.
Fleet construction: current situation and prospects
In recent years, the Russian authorities have been taking measures aimed at upgrading the country's commercial fleet and developing the local shipbuilding sector. The results of this economic policy are already evident: local shipyards are being provided with newbuilding orders, which, albeit with some delay, are being completed.
There are 232 vessels currently being built to the Russian Maritime Register of Shipping (RS) class, both in Russia and abroad, with options for an additional 122 ships. Overall, in 2020, Russian shipyards have delivered 116 newbuilds, with 74 being designed for inland shipping including 42 vessels built to RS class. Another 260 vessels are now under construction (192 inland vessels and 68 sea-going ships).
Despite the completion in 2020 of a number of large newbuilding projects that provided the bulk of the shipyards' operating revenue, most of the fulfilled projects had low contract values. The construction of such vessels as barges (11 units), pontoon piers (10 units), pontoons, and floating bridges (five units) does not significantly contribution to civil shipbuilding revenues, it nonetheless eventually help support the economic and social development of entire regions within the Russian Federation.
Export deliveries by the Russian shipbuilding sector as of year-end 2020 totaled US$734.2 million, or an increase of 40.7 per cent compared to 2019. This is remarkable considering the increase in deliveries occurred despite the onset of the Covid-19 pandemic. Russian-built ships and floating assets exported in 2020 were primarily to markets in the EU, which account for 53.5 per cent (US$392 million in export volumes with US$188 million comprising deliveries to customers in Norway and US$91 million to Germany). In addition, a large volume was exported to the Republic of Korea (US$126 million). The Vice-President of the Russian Export Centre (part of VEB.RF Group) said that the total volume of ship and watercraft exports supported by the REC in 2020 reached US$2.6 million.
Please go to Baird Maritime to continue reading.
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Source: Baird Maritime
FEATURE | RUSSIA'S SHIPBUILDING INDUSTRY: STEADY GROWTH OVER THREE DECADES
By Vitaly Chernov - October 12, 2021
The nuclear-powered icebreaker Arktika began operational sailings in the Northern Sea Route in November 2020. (Photo: United Shipbuilding Corporation)
During the heyday of the former Soviet Union, shipyards were scattered all over the various socialist republics. After the collapse of the Soviet Union, Russia lost access to many shipbuilding and ship repair enterprises, and later in the 90s the country lost many competencies in the field of shipbuilding. At present, though, we can say that Russian shipbuilding is entering a revival. Thanks to government support measures, the construction of ships of various classes and uses is in full swing, with high hopes set on the Primorsky Territory-based Zvezda Shipbuilding Complex.
There remain significant challenges, however. Among these are the need to increase local content in the manufacture of marine component equipment, personnel training, and modernisation of local shipyards.
Fleet construction: current situation and prospects
In recent years, the Russian authorities have been taking measures aimed at upgrading the country's commercial fleet and developing the local shipbuilding sector. The results of this economic policy are already evident: local shipyards are being provided with newbuilding orders, which, albeit with some delay, are being completed.
There are 232 vessels currently being built to the Russian Maritime Register of Shipping (RS) class, both in Russia and abroad, with options for an additional 122 ships. Overall, in 2020, Russian shipyards have delivered 116 newbuilds, with 74 being designed for inland shipping including 42 vessels built to RS class. Another 260 vessels are now under construction (192 inland vessels and 68 sea-going ships).
Despite the completion in 2020 of a number of large newbuilding projects that provided the bulk of the shipyards' operating revenue, most of the fulfilled projects had low contract values. The construction of such vessels as barges (11 units), pontoon piers (10 units), pontoons, and floating bridges (five units) does not significantly contribution to civil shipbuilding revenues, it nonetheless eventually help support the economic and social development of entire regions within the Russian Federation.
Export deliveries by the Russian shipbuilding sector as of year-end 2020 totaled US$734.2 million, or an increase of 40.7 per cent compared to 2019. This is remarkable considering the increase in deliveries occurred despite the onset of the Covid-19 pandemic. Russian-built ships and floating assets exported in 2020 were primarily to markets in the EU, which account for 53.5 per cent (US$392 million in export volumes with US$188 million comprising deliveries to customers in Norway and US$91 million to Germany). In addition, a large volume was exported to the Republic of Korea (US$126 million). The Vice-President of the Russian Export Centre (part of VEB.RF Group) said that the total volume of ship and watercraft exports supported by the REC in 2020 reached US$2.6 million.
Please go to Baird Maritime to continue reading.
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