More (Feodosiya)

Shipbuilding Plant More
Native name
СЗ «Море»
TypeFederal State Unitary Enterprise
Industryshipbuilding, arms industry
Founded1938
Headquarters
Feodosia
,
Russia / Ukraine
Revenue$262,530[1] (2015)
−$1.27 million[1] (2015)
−$1.6 million[1] (2015)
Total assets$17.6 million[1] (2015)
Total equity$14.8 million[1] (2015)
OwnerMinistry of Industry and Trade (Russia)[2]
WebsiteMore Ship

PO More Shipyard (Ukrainian: Відкрите акціонерне товариство Феодосійська суднобудівна компанія «Море», Russian: Судостроительный Завод «Море», originally Yuzhnaya Toka, Southern Stream) is a shipyard in Prymorskyi, Feodosia Municipality, Crimea.

Its most prominent products are the Zubr-class LCAC ship, military corvettes patrol boats and hydrofoil, and civilian Raketa, Meteorit, Kometa, Zarya and Voskhod fast hydrofoil boats.

History

The construction of the shipyard began in 1938.[3] It started specializing in the construction of fast vessels in 1947, after World War II.[3] It also began to produce with hydrofoil in the years afterward, and in 1970 it began to produce hovercraft.[3] Following the collapse of the Soviet Union, the shipyard came under the control of Ukraine.

In 2002, it concluded a contract to supply the Kalkan-class patrol boats to Turkmenistan, worth around 17 million hryvnias.[4] However, by 2010, it recorded a net loss of 22.35 million hryvnias.[5] In 2011, this shifted around when it returned to profitability with a net profit of 11.47 million hryvnias, which was in large part due to a contract with the Chinese military.[5] The Chinese Navy had issued a contract with the shipyard to produce two Zubr-class LCAC ships, with two more ships being built in China afterwards, but with the participation of Ukrainian specialists from the shipyard.[5] The total value of the contract was $350 million.[5] The first vessel was delivered prior to 2013, and the second was being prepared for delivery in late 2013.[6]

Following the 2014 Russian annexation of Crimea the company was taken over by the Russian federal government with the legal form of a Federal State Unitary Enterprise.[7] On 23 October 2014, the shipyard was officially re-registered under Russian law.[3] At the time, the then Russian-appointed Minister of Industrial Policy for Crimea, Andriy Skrynnyk, stated the enterprise would preserve everything prior to the annexation.[3] As of 2016 the shipyard is building a Karakurt-class corvette for Russia's Black Sea Fleet, with funds from the Russian National Commercial Bank.[8] However, the number of workers at the shipyard significantly fell from 1,000 to 350 by mid-2022, and in July 2022 44 more workers were dismissed.[9] In March 2022, following the outbreak of the Russian invasion of Ukraine, its shares were transferred from Rostec to the United Shipbuilding Corporation (USC).[9] At the time, the Head of the Russian Interregional Trade Union of Shipbuilding and Ship Repair Workers wrote to Mikhail Mishustin warning about the impending bankruptcy of the shipyard, due to an absence of orders from international buyers due to fear of sanctions, growing debt to suppliers, and deteriorating finances.[9]

List of products

Building

Name Class and type Plant № Laid down Launched
(Zubr) Zubr-class LCAC ship (at least 1 or 2, maybe 3 almost finished, < April 2014) xxxN° (either < 1989 within < 1998)
Lviv Small ASW corvette, Project 11451 Sokol 504 (U201) 1989 unfinished[10]
Luhansk Small ASW corvette, Project 11451 Sokol 503 (U203) 1989 unfinished
Project 1400 Grif (Zhuk), Project 1400M, Pr. 14670, Pr. 1450 (x N°)
Shtorm Project 22800 Missile Corvette (and Patrol to ASW) 254 11 May 2016[11]
Ohotsk Project 22800 Missile Corvette (and Patrol to ASW) 255 17 March 2017[12]
nd various Passenger Hydrofoil (most of) ships (2 to 5 types of class) nd (after April–May 2014)
nd nd nd nd

International sanctions

In September 2016, the plant was sanctioned by the United States for its involvement in Crimea as a military-industrial company.[13] Following the Russian invasion of Ukraine, the plant was subjected to further international sanctions. In April 2022, the European Union sanctioned the plant,[14] with the official statement by the EU being that the shipyard had provided military warships to the Russian Navy, and also for its use of the "Z" symbol as its logo, which is associated with support for the Russian invasion.[15] It is also included in sanctions outside of the EU by Japan, Ukraine, Monaco, the United States, and Switzerland.[16]

References

  1. 1 2 3 4 5 "Бухгалтерская отчётность". Retrieved 26 October 2018.
  2. ↑ "Openinfo". mvpt.rosim.ru. Retrieved 5 February 2017.
  3. 1 2 3 4 5 "Феодосійський суднобудівний завод "Море" перереєстрували на Росію". espreso.tv (in Ukrainian). 25 October 2014. Retrieved 25 May 2026.
  4. ↑ "Суднобудівні заводи України уклали в І кв. контракти на $17 млн. — Finance.ua". Finance UA. 16 May 2002. Retrieved 25 May 2026.
  5. 1 2 3 4 "Китайские контракты помогли ФСК «Море» в 2011 показать прибыль". sd.net.ua. 10 February 2012. Archived from the original on 27 July 2012. Retrieved 25 May 2026.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  6. ↑ "У Феодосії готують до передачі Китаю 2-й МДКПП проекту 958 «Бізон»". Militarnyi (in Ukrainian). 27 February 2014. Retrieved 25 May 2026.
  7. ↑ "Судостроительный завод "Море" преобразован во ФГУП "СЗ "Море" (Крым)". portnews.ru. Retrieved 14 July 2017.
  8. ↑ "Феодосийская верфь "Море" получила у РНКБ кредит для выполнения заказа". РИА Новости (in Russian). Retrieved 15 July 2017.
  9. 1 2 3 Халилов, Рустем (24 July 2022). "«Море» волнуется. Завод не нужен даже пиратам". Крым.Реалии (in Russian). Retrieved 25 May 2026.
  10. ↑ "History of the Small Anti-Submarine Ships Project 11451 Sokol-2". RussianShips.info. 2026-01-28. Retrieved 2026-01-28.{{cite web}}: CS1 maint: url-status (link)
  11. ↑ ""В Феодосии на ССЗ "Море" заложен малый ракетный корабль "Шторм"" в блоге "Судостроение и судоходство " - Сделано у нас". Sdelanounas.ru. 2015-12-24. Retrieved 2017-07-19.
  12. ↑ "В Феодосии заложили малый ракетный корабль проекта "Каракурт"". РИА Новости. 2017-03-17. Retrieved 2017-07-19.
  13. ↑ "США дополнили санкционный список компаниями, строящими мост в Крым". Reuters. 1 September 2016. Retrieved 25 May 2026.
  14. ↑ "Евросоюз заморозил активы ВТБ, «Открытия» и Совкомбанка". RBC. 8 April 2022. Retrieved 25 May 2026.
  15. ↑ "Amending Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine". eur-lex.europa.eu. Retrieved 25 May 2026.
  16. ↑ "Sanctions related to PO More Shipyard". OpenSanctions.org. 12 November 2024. Retrieved 25 May 2026.
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