Zvezda Shipbuilding (SSK)
In a strategic development, VTB, Russia’s second-largest lender, is poised to acquire the Zvezda shipbuilding yard from Rosneft. The transaction, currently in its preliminary stages, involves a trilateral agreement with Rosneft and Russia’s United Shipbuilding Corporation (USC) to conduct a thorough due diligence process.
The Zvezda shipyard, located in Russia’s Far East, is recognized for its advanced technological capabilities. It is particularly noted for producing large Arc7 ice-class tankers designed to transport liquefied natural gas (LNG) through Arctic waters. These specialized vessels are critical for navigating icy routes and supporting Russia’s ambitions to enhance its presence in the global LNG market.The agreement outlines a framework for evaluating the operational and financial aspects of Zvezda before finalizing the acquisition.
