Modern Commercial Navy and United Industrial Corporation (OPK) Sign a Cooperation Agreement

MOSCOW - Modern Commercial Navy (MCN) PLC and United Industrial Corporation JSC have signed a cooperation agreement, anticipating the developmental work of technical and commercial operation factors of the construction of multifunctional supply icebreaker and also tankers for transportation of liquefied natural gas. The tankers’ capacity total 75 000 mcubed.

A signing ceremony was held within the frameworks of the XIII St. Petersburg International Economic Forum.

Referring to this document MCN PLC is the largest Russian shipping company with longstanding experience of collaboration with shipbuilding enterprises. The company is the largest customers of Russian civil shipbuilding and is interested in placing orders for the construction of high-technological maritime civil vessels at OPK’s shipyards.

OPK’s shipbuilding assets, including Severnaya Verf PLC and Baltiysky Zavod PLC, rank among the leading Russian enterprises, specializing in the construction of maritime civil vessels. According to the agreement, OPK’s shipyards are intended realizing its production potentialities to compete in the world market and to realize and develop commercial shipbuilding.

This bilateral agreement will contribute to the realization of the Federal Target Program 2008-2015 “Development of Russian Shipbuilding industry”. The program targets civil navy renovation and continental shelf development.

Source: OPK

Press contact: Ogilvy Public Relations, Sabina Lindstedt, E-mail: opk at ogilvy.com