The United Shipbuilding Corporation (USC) plans to begin upgrading the production facilities of St. Petersburg’s oldest shipyard, Admiralty Shipyards. The work will take from 3 to 5 years. Investments — 15 billion rubles, — experts state

The reconstruction of the completion embankment and the new slipway will allow the construction of three Aframax large-capacity tankers capable of transporting oil along the Northern Sea Route (NSR) at the same time

“The modernization of Admiralty Shipyards will increase the volume of processed metal and shorten the construction time of ships, which is especially important in the context of growing demand for civilian ships and the development of infrastructure projects such as the Northern Sea Route,” experts emphasize.

KRISTALL OF GROWTH previously informed that, in the opinion of the American OilPrice, the Northern Sea Route is a geopolitical and economic victory for Russia.