Russia's USC shipbuilder, Italy's Saipem in joint venture talks

Russia's United Shipbuilding Corporation intends to create a joint venture with Italy's Saipem to design ships for offshore oil and gas production, Kommersant business daily said on Wednesday, quoting a source close to the corporation.
The USC board is expected to approve the deal in March-April. The joint venture will be set up and start operating this year, the source was quoted as saying.
[Read More]
Source: Ria Novosti