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Interfax.com  |  Interfax news  |  Baltic Plant to build three nuclear waste...


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August 18, 2011 16:21

Baltic Plant to build three nuclear waste carriers for Britain's JFS

ST. PETERSBURG. Aug 18 (Interfax) - St. Petersburg-based OJSC Baltic Plant (RTS: BALZ) will build three vessels capable of carrying nuclear waste for British company James Fisher and Sons (JFS), the plant said in a press release.

In addition, an option is in place for the construction of three more vessels of this type. The cost of the project has yet to be released.

U.S. company ACU and JFS signed an agreement earlier for the transport of spent nuclear fuel of American origin from facilities with nuclear reactors in Japan, South Korea, Taiwan and other countries. In accordance with this agreement, JFS will be the sole sea-based transporter of spent nuclear fuel.

JFS was founded in 1847 and provides sea and ocean transport services, as well as engineering services for the nuclear sector.

OJSC Baltic Plant is one of Russia's leading multiprofile shipbuilding companies, which assembles vessels with up to 100,000 tonnes of deadweight. The main shareholder in the enterprise was United Industrial Corporation, which manages industrial assets of International Industrial Bank, which, in turn, has been declared bankrupt. Shares in shipbuilders in the defense sector, such as Baltic Plant, have been put up as guarantees with the Central Bank of Russia.

Ih

(Our editorial staff can be reached at eng.editors@interfax.ru)

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