Russia's Rosneft has entered an agreement with South Korea-based Hyundai Samho Heavy Industries (HSHI) to collaboratively design and build new sets of Aframax-class vessels.

HSHI will provide technical support to develop the Aframax class vessels at the Zvezda shipyard in Bolshoy Kamen, Russia, under the new deal.

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The Zvezda shipbuilding complex is being created at the site of the Far Eastern Zvezda plant by a consortium that includes Rosneftegaz, Rosneft and Gazprombank amongst its members.

The project will see the construction of a heavy fitting dock, dry dock and full-cycle production facilities, as well as workshops for the construction of offshore marine equipment.

Rosneft CEO Igor Sechin said: “Technological partnership with the world's largest shipbuilding company will allow us to acquire the necessary competencies in the area of engineering support and management of ship construction projects.

"This cooperation will ensure DTSS and Zvezda Shipbuilding Complex access to unique technologies for the production of advanced marine equipment, such as modern environmentally friendly Aframax-type tankers."

“This cooperation will ensure DTSS and Zvezda Shipbuilding Complex access to unique technologies for the production of advanced marine equipment, such as modern environmentally friendly Aframax-type tankers that run on NGV fuel, and will open prospects for the localisation of production and development of the shipbuilding cluster in the Far East of Russia.”

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In addition, the newly signed agreement will help fulfil the goals of the new Zvezda-Hyundai joint venture, which was established last month between Zvezda and HSHI to facilitate collaboratation in the fields of engineering and project management.

HSHI has already provided various of technical support services for the joint venture in order to enable the design and construction of the Aframax tankers, including those capable of running on natural gas.

The company aims to implement ship construction projects in new shipbuilding segments via Zvezda-Hyundai, including the development of green Aframax tankers.

The JV will also help Rosneft localise its production of commercial vessels and marine equipment.