Monday, January 17, 2022
A repair project for two Russian vessels - the Project 949A nuclear-powered submarine Irkutsk and the Project 971 nuclear-powered underwater cruiser Magadan – has started in the Zvezda Ship Repair Center in the Russian Far East, Korabel.ru reported. The two submarines are in service with Russia’s Pacific Fleet, the Zvezda press...
The construction of a new coal terminal was expected to be completed this year, but a shipping source close to the project said this was likely to have been postponed until at least 2019. Russia-based holding company Oteko is funding the construction of the terminal. Oteko did not respond to...
One of Russia’s biggest steel producers, Severstal, is teaming up with Italian steel pipe maker Tenaris SA to make steel pipes in the heart of Russia’s oil and gas sector in Siberia, the two companies said on Tuesday, according to Vedomosti. The companies are creating a joint venture which will build...
Construction of Egypt’s first nuclear power plant will begin in the next two to two-and-a-half years, the country’s officials said Sunday, according to Reuters. The 4,800 megawatt (MW) capacity plant at Daba’a in the north of the country, to be built by Russia’s state nuclear corporation Rosatom, aims to be...
Russia and India are likely to sign a contract for construction of four Project 11356 or Grigorovich-class, also designated Upgraded Krivak III frigates in June, TASS news agency reported Tuesday quoting a source in diplomatic and military circles as saying. "In June, a package contract is expected to be signed...
A rebuilt hotel in a historical hospital building in the Russian city of Kazan will be opened this fall, the hotel’s manager Ergin Sarp told Realnoe Vremya in an interview. The five-star Kazan Palace Hotel was completely reconstructed by Turkish company Tasigo, the hotel arm of construction giant Polimeks...
The government will compensate developers for the rise in prices for building materials, Russian Deputy Prime Minister Marat Khusnullin told Russian media. According to him, the situation with prices for building materials in Russia is "very difficult". Therefore, the government made an appropriate decision, and the rise in prices "will...
Russia’s construction sector may face around 10% of financial losses amid the current epidemiological situation, Deputy Prime Minister Marat Khusnullin said in an interview with Pavel Zarubin on Rossiya-24 TV channel. "It will only be possible to estimate the losses of each region the results of the year. With the...
A number of Major Japanese trading houses such as Mitsubishi Corp, Marubeni Corp, Sumitomo Corp and Mitsui & Co. have canceled Rusal’s shipments of refined aluminum and other products in light of U.S. sanctions, industry sources said. The Russian company, which is the world’s No.2 producer, and its owner, Oleg...
The Amur Shipbuilding Plant in Russia’s Far East may receive the largest order for the construction of warships in its history, sources told Vedomosti. According to a top manager in the industry and a person close to the Russian Defense Ministry, the parties are discussing the terms of a contract...

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