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Zvezda Shipbuilding Complex and Samsung Heavy Industries Establish JV for Shuttle Tanker Construction

04 September 2019

During the 5th Eastern Economic Forum, Zvezda Shipbuilding Complex and Samsung Heavy Industries Co. Ltd. (the Republic of Korea) have announced the establishment of a joint venture to manage projects for the construction of 42,000-120,000 tonnes deadweight shuttle tankers at Zvezda Shipyard.

The JV has been created upon an agreement on the exchange of experience in the design and construction of shuttle tankers, signed in 2018. Samsung Heavy Industries will hand over the technical specifications and the rights to base documentation of a detailed ship project to Zvezda Shipbuilding Complex and will also provide assistance in developing working design shuttle tankers documentation together with Lazurit central design bureau.

In addition, under the terms of the agreement, the Korean company will provide technical support for planning, management, and quality control during the construction and installation works, procurement of materials and equipment, and engineering and technical assistance for the construction of shuttle tankers at the Zvezda Shipbuilding Complex.

Moreover, Samsung Heavy Industries will carry out training of Russian personnel at its shipyard and arrange a manufacturing practice on similar projects.

Notes for Editors:

Samsung Heavy Industries has great experience and expertise in the design and construction of shuttle tankers. The company is a top-3 shipbuilder of South Korea.

Zvezda Shipyard is established at the Far Eastern Shipbuilding and Ship Repair Centre (FESRC) by the Rosneft-led Consortium. The shipbuilding complex design provides for the construction of a heavy outfitting berth, a dry dock, full-cycle production shops, and shops for the construction of offshore marine facilities.

Information Division
Phone: + 7 (499) 517-88-97
 September  04, 2019

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements