Moscow: United Shipbuilding Corporation has taken on 53.5122% of the voting shares of the long planned Zvezda shipbuilding complex in Russia’s Far East.
State-run USC is the nation’s largest shipbuilder. Zvezda, an established repair facility mainly for military vessels, is aiming to break into shipbuilding, especially for offshore.
Moscow has made recent calls for the nation’s energy majors to place orders at this yard, and the government is also looking at subsidies to boost the country’s shipbuilding prowess.
