Tulane Maritime Law Journal
Tulane Law School
John Giffen Weinmann Hall
6329 Freret Street
New Orleans, Louisiana 70118
(p) 504.865.5959
(f) 504.862.8878
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Russia's state-run United Shipbuilding Corporation (USC) may
sell 20 to 30 percent of its shares in an initial public offering in 2013, according
to USC President Roman Trotsenko. Russia accounts for approximately only 0.4
percent of global civilian shipbuilding and slightly over three percent in
military shipbuilding, and USC is currently engaged in exclusively military production. However,
USC has announced plans to move towards added civilian output in the
future in an attempt to create a Russian corporation analogous to the American shipbuilder Northrup
Grumman. In addition to its
potential IPO, USC is currently in the process of valuing the shipbuilding assets
of United Industrial Corporation with an eye towards purchasing those assets.
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