Stunning opportunities for fleet renewal now opening up in Russia

June 11, 2008 16:19
 

The United Shipbuilding Corporation (OSK) (a new Government controlled public company created as an instrument for support and development of Russia's State shipbuilding) plans to start in 2008 an ambitious program of fishing vessels building using leasing mechanisms and budget funds.

According to preliminary information published by Russia's State Fisheries Committee, the United Shipbuilding Corporation will establish a leasing company that will place an order for vessel building. The vessels will be then offered for leasing for a period of no less than 8 - 10 years at an annual interest rate of approximately 6%. More information of the leasing procedure is to become available in June - July 2008.

It is expected that the program will focus on renewal of the fishing fleet by building fishing, auxiliary and reefer vessels). The Russian companies which are interested in building a vessel on these conditions, are now able to use this opportunity and place an order applying to OAO Giprorybflot Company (deadline 20 June 2008, see contact details of the company below). In its application the interested company should specify the target vessel and its technical characteristics. Building of new vessels (most demanded and interesting projects) of potential customers is planned to start in 2008.

The new initiative will open new prospects for the fishing companies and quota-holders in the context of the new process of quota share for a term of 10 years as of 1 January 2009.

The types of vessels offered for building by naval architects are presented in the Appendix 1 (read the June issue of Russian Fish Report). The designs given are presented at the pre-design stage. The fishing companies interested in participation are able to choose the type of the vessel for further building. They are also able to offer their own specifications and type of the vessel.

Contact information for applicants

Giprorybflot Company, OAO (naval architects)

Malaya Morskaya, 18 - 20, 190000, St. Petersburg, Russia

Tel. +7 812 312 55 63, +7 812 312 98 15

Fax: +7 (812) 314-60-36

e-mail: vek@grf.spb.ru , egorov4@grf.spb.ru

Contact Name: Mr. Krasavtsev V.E.

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