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Shipyard Lotus signs contracts for construction of vessels worth over RUB 1.5 bln

Total value of contracts signed by shipyard Lotus (Astrakhan Region, United Shipbuilding Corporation) for construction of different vessels exceeds RUB 1.5 bln, says press center of Caspian Energy Group.

Shipyard Lotus has signed a contract for the eights cargo pontoon of Project 6516 for Moscow Shipping Company “ARK. The contract worth RUB 102 mln is 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.

According to him, the shipyard as the resident of special economic zone should under the federal law invest at least RUB 120 bln within the 3-year period into its modernization but the shipyard needs more. The 5-year programme is RUB 896 mln.

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

Lotus Shipyard OJSC specializes in construction of hulls for different vessels and in their complete fitting. Form 2012, the company is managed by United Shipbuilding Corporation OJSC. The company’s major shareholders are United Shipbuilding Corporation OJSC, Caspian Energy Group OJSC, Arkhangelsk Region Government.

Caspian Energy Group structure combines resources enabling to fulfill complex projects relating to construction of facilities for offshore fields development. The strategic goal of Caspian Energy Group is strengthening and increasing of competitiveness of Russian manufacturers of complex marine facilities for continental shelf development and Caspian shelf development first of all. The enterprises constituting the Group are combined into divisions. Integration of engineering, production and service divisions within the Group structure guarantees operational reaction on dynamic and competitive environment and provides efficiency and transparency in projects on construction of facilities for onshore fields development. Quality and HSE policies of Caspian Energy Group are based on the strict compliance with international and national standards, rules and regulations.

United Shipbuilding Corporation (USC OJSC) is the largest shipbuilding company in Russia. It was set up in 2007 with 100% federal ownership. The holding comprises 60 companies and organizations (major shipbuilding and shiprepairing companies as well as leading design bureaus). Currently, USC consolidates about 80% of the domestic shipbuilding complex. The Russian market is the main focus of the state corporation though it also exports its products to 20 countries worldwide.


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