St. Petersburg-based Baltic Shipyard (Baltiysky Zavod) is now under the control of JSC United Shipbuilding Corporation (USC).

    The yard’s General Director Andrey Fomichev said he has resigned but will hold the office of General Director of another shipbuilding firm Severnaya Verf.

    Deputy Prime Minister of Russia Dmitry Kozak has visited Baltic Shipyard. The official told the shipyard employees that the government has settled the financing issue.

    Russian Govt will invest RUB 1.5bn in the construction of a floating nuclear power plant (FNPP) under the guarantee of USC.

    USC’s Vice-President Valery Venkov was appointed Interim CEO of Baltic Shipyard.

    JSC Baltic Shipyard was founded in 1856. The yard specializes in the construction of warships, large tonnage cargo ships and diesel and nuclear-powered icebreakers.

    The yard also builds Ro-Ro and Ro-Pax vessels, chemical tankers, bulk carriers, etc.

?source:asiasis?