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Zvezda Shipbuilding Complex & Korea's Samsung Heavy Industries Create a JV

Source: www.gulfoilandgas.com 9/8/2017, Location: Asia

Zvezda Shipbuilding Complex and Samsung Heavy Industries Co. Ltd. (The Republic of Korea) signed the Term Sheet for creating a joint venture (JV) to manage projects for construction of Arctic shuttle tankers.

The purpose of the established JV is the technological support for the construction of Arctic shuttle tankers at Zvezda Shipbuilding Complex of various sizes with deadweight from 42 to 120 thousand tons. Tankers will be used for the export of oil produced at the fields of Rosneft, as well as for other Russian and foreign producers.

Cooperation with Samsung Heavy Industries (SHI) will facilitate development of advanced shipbuilding technologies at Zvezda Shipbuilding Complex.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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