Damen Shipyards Group

Dutch investor Damen Shipyards Group and Rosneft will sign a plan for cooperation in shipbuilding in September at the Eastern Economic Forum in Vladivostok, Far East Development Minister Alexander Galushka told reporters today.

“We agreed that the companies Damen Shipyards Group and Rosneft would prepare a plan for cooperation in the development of shipbuilding by the time of the Eastern Economic Forum and that we can present and sign the relevant documents at the Eastern Economic Forum. I want to stress that the companies have already signed a memorandum of understanding,” the minister said in comments on the results of today’s visit to the Zvezda shipyard, which is under construction.

Galushka said the potential Dutch investors were shown the production facilities at the shipyard and told about the investment conditions. “A very productive meeting took place as [Zvezda] was visited by the potential Dutch investors, the company Damen Shipyards Group, one of the world’s largest companies with turnover of more than EUR 2 billion per year and solid traditions and the best shipbuilding technologies in the world. Our Dutch partners were shown the production facilities that are currently being built at the Zvezda shipbuilding complex and Rosneft spoke in detail about the work it is doing in this area and the RUB 21 billion invested by Rosneft. The feedback and response we received from our Dutch partners is positive and interesting,” the minister said.

The Zvezda plant is building a new shipyard and Rosneft is set to become one of its main customers. Tankers with a displacement of up to 350,000 tons, liquefied gas carriers and other ice-class vessels and oil offshore platforms are to be built there. The first project will be a supply ship for Rosneft’s offshore projects in the Arctic. The project to build a shipbuilding cluster in the Primorye Region is estimated at RUB 129 billion in investment for all stages of construction.

The first Eastern Economic Forum will take place on Russky Island at Far Eastern Federal University from September 3—5. Its agenda will include issues related to the development of energy and the fish industry, subsoil use, agriculture, transportation and logistics, manufacturing, urban environment and finance.

01 July 2015

Negotiations are currently under way to attract foreign investors for the development of the Onega Shipyard (Petrozavodsk, Karelia) and the development of new modern production facilities (including building ships from composite materials) on the principles of a public-private partnership, the Russian government’s press service reported following a visit to the Onega Shipyard by Prime Minister Dmitry Medvedev.

Such investors include China’s Bestway Group and the Dutch firm Damen, TASS reported citing materials for Medvedev’s working visit.

The Onega Shipyard began production activities on 6 June 2015 with the keel laying ceremony of a pilot ship.

The shipyard is located on the banks of Lake Onega in Petrozavodsk. Its primary activities include exporting dry cargo as well as other cargo and passenger watercrafts.

22 June 2015
2 276.4 mln

Investor profile

Damen Shipyards Group


Company's website: https://www.damen.com

T: +31 (0)183 63 21 89

Private company

E-mail: info@damen.com

Contact: Kommer Damen, Chairman

Damen Shipyards Group has annual turnover of EUR 2 billion, produces 160 vessels each year and unites 32 shipyards in various countries, including the Netherlands, Poland, Romania, China, Dubai, Singapore, Cuba and South Africa.