Russia - Some fishing companies consider cancellation of their contracts with Russian shipyards

Delivery delays are from half a year to a couple of years

Many of fishing ships being built by Russian shipyards under information quota programme will be delivered with a delay from half a year to a couple of years, representatives of shipbuilding companies said at the meeting held by Rosrybolovstvo (Russian Federal Fisheries Agency). According to Russian Association of Fishery Companies, Entrepreneurs and Exporters (RAFCEE), detailed information about problems of fishing ships construction in Russia and suggestions on addressing them will be submitted to RF Government. The meeting was not attended by any representatives of the Ministry of Industry and Trade.

By 2022, the investment quota programme is to cover the construction of 43 fishing ships by Russian shipyards basing in the application campaign. Only two ships have been built so far. The construction of 27 hulls laid down in 2017 – 2018 is far behind the schedule. Keel-laying of 16 more ships slated for 2021 is not likely to meet the schedule. However, fishing companies perform their contractual obligations on construction financing.

Non-compliance with deadlines should be attributed to circumstances which are beyond the investors' control. According to representatives of shipyards, the delivery of all ships will be delayed, from half a year to a couple of years. For example, Vyborg Shipyard (Saint-Petersburg) is building four fishing ships for Arkhangelsk Trawl Fleet JSC but pre-commissioning activities for the lead ship are delayed due to the coronavirus epidemic. The shipyard is also building three vessels for FOR-Group with the delay expected to reach up to a year and a half.

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