Russia shipyard hopes to drum up more business from Azerbaijan

Russia shipyard hopes to drum up more business from Azerbaijan

Meetings have been held in Baku this week to entice Azerbaijan to build more vessels at the Red Sormovo shipyard in Russia.

Management from the MNP group, which owns the yard, met with Russian-Azerbaijani and Azerbaijani-Russian business councils in Baku on Monday to discuss the proposed partnership, according to Azerbaijani reports.

Between 2002 to 2009, Red Sormovo reportedly supplied a bulk carrier, two tankers and seven tankers for Azerbaijan Caspian Shipping Company.

The meeting coincided with Russian president Vladimir Putin’s visit to Azerbaijan, which was aimed at increasing economic cooperation between the two countries.

“Projects for Azerbaijan Caspian Shipping Company, implemented earlier by the group of MNP and Sormovo shipbuilders, have created a basis for long-term partnership with shipowners operating in the country. Therefore, we continue to participate in such large-scale bilateral meetings. As a rule, they are quite productive,” Vadim Malov, executive director of MNP group, told press.

Earlier this week, Russia invited China to invest in shipbuilding facilities in the Far East of the country, with the Zvezda shipyard, located in the town of Bolshoy Kamen, earmarked as a prime candidate for Chinese investment.

Commenting on the news, Splash‘s regular columnist Andrew Craig-Bennett said: “I’m sure that’s a good idea. After all, there is a desperate shortage of shipyard capacity in China.”

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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