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Kalashnikov takes aim at shipping

Kalashnikov takes aim at shipping

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The most famous arms manufacturer in the world is diversifying into the shipyard business.

Russia’s Kalashnikov has announced it will acquire Upper Volga ship repair and construction operator Nobel Brothers early next year. The yard specialises in the construction and repair of tankers, bulkers, yachts, and survey vessels.

In the past couple of years Kalashnikov, most famous for its AK-47 assault rifle, has bought two other Russian yards – Rybinsk and Vympel – both of which tend to focus on smaller ships with a greater military focus.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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