Russian yard seals mega rig order from Iran

Russian yard seals mega rig order from Iran

Russian shipbuilder Krasnye Barrikady has been won a contract by Iran worth nearly $1bn to build five offshore drilling rigs for use on Iran’s part of the Gulf shelf. Financing for the contract will come from the two countries.

Krasnye Barrikady, which translates as Red Barricades, has been negotiating the contract for the best part of two years. It is also negotiating with NITC over a series of tanker orders.

Established in 1886 as a ship repair yard, Red Barricades has since become a specialist in tankers and offshore.

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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