Far East | Industry, manufacturing

USC and Daewoos $1.5bn dockyard aired

27 Oct '09
United Shipbuilding Corp. (USC) and S. Koreas Daewoo Shipbuilding have plans to build a dockyard in Vladivostok, Kommersant reports.

The cost of the project is a reported $1.5bn. According to the newspaper, USC is counting on VEB funding.

If realized, the project will reportedly build gas-carrying tankers, ice-class tankers, ships to explore shelf, as well as ocean-going LNG plants.

Under plans, dockyard construction must be completed by the end of 2011 and the first ship commissioned in early 2012.
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Locations: Vladivostok

Tags: Daewoo Shipbuilding (5) / VEB (148) / dockyard (10) / United Shipbuilding Corp. (0) /

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