5 Mar 2018 17:00

South Korean investors could get involved in Russian shipbuilding projects in Far East

VLADIVOSTOK. March 5 (Interfax) - Shipyards in the Far East will be building over 220 ships by 2030 and South Korea investors have shown an interest in participation, Far East Investment and Export Agency CEO Leonid Petukhov said at Korean Investor Day in Vladivostok.

"In the period up to 2030 more than 220 civilian and military ships will be built with a total investment of over 1 trillion rubles," he said.

Petukhov said that Korean companies want to cooperate in the Zvezda shipyard in Bolshoy Kamen, but also with other major companies in the Far East: Khabarovsk and Amur shipyards and the plant in Blagoveshchensk.

"We agreed to look at supply projects with subsequent localization of Korean ship parts as well as the issue [under discussion] of the construction and export of hovercraft and other specialized watercraft from Russia to Korea," Petukhov said.