Rosatom and USC could create a joint venture based on the Baltiysky Zavod shipyard

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Companies must control 51% and 49% of the shares of the new company accordingly

The structure and leadership of United Shipbuilding Corporation (USC) could be changed before the end of 2022, according to IAA sources PortNews. Baltiysky Zavod, Russia’s leading nuclear-powered icebreaker builder, has been under USC control for just over a decade. Soon it could fall out of USC’s interests and be partially controlled by the State Atomic Energy Corporation Rosatom.

IAA PortNews sources expect the decision on the distribution of shares in the new joint venture of USC and Rosatom (49% and 51%) by the end of the week. The JV must be based at the Baltiysky Zavod shipyard. Personal changes in USC and Baltiysky Zavod can be undertaken, the sources say. No comment from USC, the Department of Industry and Commerce or Rosatom was obtained at the time of publication.

Baltiysky Zavod Shipyard (Baltic Shipyard) based in St. Petersburg was established in 1856. The shipyard specializes in the construction of nuclear-powered and diesel-electric powered ice-class ships as well as power units. nuclear floating energy. Under the contract with FSUE Rosatomflot, Baltiysky Zavod is building three 60 MW LK-60 icebreakers of project 22220 (Urals, Yakutia and Chukotka). The main icebreaker Arktika and the first serial icebreaker Sibir have already been commissioned. The multi-purpose nuclear-powered icebreakers of Project 22220 ships are the largest and most powerful icebreaker vessels in the world. Design 22220 icebreakers will form the basis of the Russian civilian icebreaking fleet in the near future.

According to earlier statements, Rosatom plans to expand the Project 22220 series of icebreakers with the fifth and sixth units.

At the end of 2021, more than 20 ships were stranded on various lanes of the Northern Sea Route due to a difficult ice situation. They could not proceed independently and Rosatom organized an operation to escort ship convoys involving the icebreakers. As NSR traffic is expected to reach 220 million tons by 2035, Rosatom is strengthening its fleet of icebreakers. At least 13 icebreakers will operate on the Northern Sea Route by 2030, according to previous statements.

In accordance with the Presidential Decree of 2018, the National Atomic Energy Company ROSATOM performs the functions of a single infrastructure operator for the development of the Northern Sea Route.

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