With their successful advance into the project for rehabilitation of the shipbuilding industry in Russia Korean shipbuilders are dreaming of creating a new legend of success. On July 26 STX Group signed an MOU with the Russian state-run shipbuilding company USC (United Shipping Corp.) for cooperation in joint establishment of a technology center to support relocation of a USC shipyard and to develop arctic-capable ships. Under the MOU STX will provide support for design construction and manpower training and transfer of shipyard operational knowhow etc. associated with the move of USC's Admiralty Shipyard located in the western area of Russia and also jointly establish an arctic ship technology center at the STX shipyard in Helsinki Finland with USC.
Earlier in June Daewoo Shipbuilding & Marine Engineering (DSME) signed an MOU with USC for establishment of a joint-venture company to build shipyards. Under the MOU DSME and USC decided to create an additional one-million-square-meters site at USC's military shipyard which is presently building and repairing frigates and build a modern shipyard for commercial ships and marine plants equipped with the latest production facilities dry dock goliath crane etc. In consideration of the APEC Summit scheduled for Vladivostok in 2012 in particular the two sides agreed to complete the shipyard before that time. After signing an agreement with USC to build a shipyard in October last year DSME has participated in the modernization of the Zvezda Shipyard located in the Far East region of Russia and taken up production of various plants at the shipyard. Under the catch-phrase 'Own Country's Building Principle ' together with securing the facilities from a national perspective Russia is promoting the rehabilitation projects in pursuit of a 'Strong Shipbuilder Nation.' And USC which was established in March 2007 during the tenure of Vladimir Putin's presidency is assuming overall responsibility including development of modernization policies integration by sphere investment etc.