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Russian Federation : SHIPYARD LOTOS inks deal for 8 Cargo Pontoon of Project 6516.

Shipyard Lotos has inked total value of contracts for construction of different vessels exceeds RUB 1.5 bln.

A deal has been ratified by Shipyard Lotos for the eights cargo pontoon of Project 6516 for Moscow Shipping Company ARK.

The RUB 102 mln deal is expected to be completed in mid-June 2016.

We have recently signed contract with Volgotrans for construction of two chemical tankers based on Project RST25. The delivery is scheduled for April-May of the next year. Each vessel costs RUB 740 mln with zero VAT, says Vladimir Kulakov, acting Director General of the shipyard.

The shipyard as the resident of special economic zone should endow nearly RUB 120 bln within the 3-year period into its modernization under the federal law but the shipyard needs more. RUB 896 mln is the 5-year programme.

Within the coming three years USC will invest RUB 320 mln including RUB 295 mln in 2016, said Vladimir Kulakov.

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Publication:Mena Report
Date:Feb 10, 2016
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