Yantar, Feniks sign MOA for newbuilding projects

Yantar Baltic Shipbuilding Plant

United Shipbuilding Corporation’s (USC) Yantar Baltic Shipbuilding Plant has signed a memorandum of agreement (MOA) with Feniks Fishing Company with the intent of building a new series of five crab boats.

The MOA stipulates that the vessels are to be built in Kaliningrad and will replace older crab boats in the Feniks fishing fleet.

The final decision on the construction of the vessels will be made no later than December 31, 2020, USC confirmed in a statement dated May 14.

Baird Maritime

Baird Maritime is one of the world's premier maritime publishing houses with headquarters in Melbourne, Australia and a publishing subsidiary in Hong Kong. The group produces two monthly magazines, Ausmarine and Work Boat World and a number of annual publications all focusing on various aspects of the commercial, government and military marine industries. It also presents this maritime portal.