Russian civil shipbuilding sector ‘facing deepest crisis in history’

A number of shipbuilding enterprises have experienced serious financial problems after their inclusion on lists of sanctioned entities.

Source: Zvezda Shipbuilding Complex

The Russian sector of civil shipbuilding is facing with the deepest crisis in its history, with the industry expected to record a record drop in 2022 that will be significantly exceed the 43% y/y decline observed in 2021.

Continue this article…

Already subscribed? SIGN IN now


Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!