Russia’s State-Owned Shipbuilders, the United Shipbuilding Corporation (USC) are constructing 120 vessels as part of its national civil shipbuilding remit, according to USC CEO Andrei Puchkov. He was speaking at a meeting with Russian Prime Minister Mikhail Mishustin.
Puchkov said that “In terms of USC’s civilian orders, our shipyards are building about 120 different types of vessels. With the support of the Russian government, we are completing a number of orders, for which there were complicated nuances and some delays at the previous stages. But now we have currently entered a serious construction rhythm.”
He said that USC has increased the pace to construct fishing vessels with the financial support of the Russian Agriculture and the Industry and Trade Ministries. “We are currently focusing on developing shipbuilding capacities primarily in two regions, St. Petersburg and the Far East, as part of the operations to enhance Russia’s domestic merchant marine fleet” Puchkov said.
The United Shipbuilding Corporation was established in 2007 by a decree of the President of the Russian Federation; 100% of its shares are owned by the federal government. OSK builds about 80% of all Russian vessels. The corporation includes more than 50 shipyards, design bureaus and specialized research centers, ship repair, engineering plants and other enterprises.
The global shipbuilding market is crucial for the world economy, enabling international trade and maritime activities. It involves the construction of various vessels, from large container ships and oil tankers to specialized offshore platforms and naval vessels. The sector has seen steady growth, with the market reached US$236.4 billion by 2024, growing at a 3.2% annually.
Demand for new ships is driven by global economic growth, trade patterns, and the need to replace aging fleets. The focus on environmental sustainability has also led to eco-friendly ship designs and technologies, shaping the industry’s trends.
Further Reading