Gulf Oil and Gas accountACCOUNT

Shipbuilding Complex Zvezda & Samsung to Establish JV for Building of Shuttle Tankers

Source: www.gulfoilandgas.com 9/11/2018, Location: Asia

LLC Shipbuilding Complex Zvezda and Samsung Heavy Industries Co. Ltd. (the Republic of Korea) signed an agreement in the framework of the IV Eastern Economic Forum setting the conditions for establishment of a joint venture in order to organize an efficient project management system for construction of shuttle tankers at Zvezda Shipbuilding Complex with a deadweight ranging from 42 to 120 thousand tons.

In accordance with the conditions of the agreement the joint venture will be established by the year end.

The agreement terms include exchange of experience in designing and construction of shuttle tankers. Samsung Heavy Industries will provide technical specifications as well as the basic and detailed design of the vessels to Zvezda and will assist with development of detailed engineering drawings jointly with Lazurit Central Design Bureau.

Also, in line with the agreement terms the Korean Company will provide the technical support for planning, project management and quality assurance during construction and assembly, procurement of materials and equipment and ensure the engineering support of construction of shuttle tankers at Zvezda.

Except this, Samsung Heavy Industries will train the Russian personnel at their shipyard and organize shipyard internship at similar projects.

Mergers and Acquisitions News in Russia >>

Indonesia >>  5/22/2019 - Medco Energi has announced the completion of the acquisition of Ophir Energy in a recommended all cash offer valued at £408.4 million. Ophir’s assets ...
United Kingdom >>  5/21/2019 - Phusion IM has established a significant partnership with global IT solutions specialist, Sword, to deliver services that will empower organizations i...

United States >>  5/21/2019 - With reference to announcements on 2 May 2019, TGS-NOPEC Geophysical Company and Spectrum have announced that their respective board of directors have...
Japan >>  5/15/2019 - Marubeni Corporation (Marubeni”) hereby announces a merger (hereinafter, “this Merger”) of two Marubeni subsidiaries: Marubeni Wireless Communicatio...

Thailand >>  5/15/2019 - Sparrows Group has selected Thai service and supply company J. S. Technical Services Co., Ltd. (JST) to act as their sole agent in the Kingdom. ...
United Kingdom >>  5/15/2019 - Talon Petroleum Limited (Talon) is pleased to advise that it has completed the acquisition of EnCounter Oil Limited. Accordingly, Talon now holds 100%...

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 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.