A3 Refereed book chapter or chapter in a compilation book
Are Finnish firms willing to explore the Russian maritime and offshore industry? Perceptions of Finnish SMEs of the Russian market and export collaboration
Authors: Hanna Mäkinen, Eini Haaja
Editors: Veli-Pekka Tynkkynen, Shinichiro Tabata, Daria Gritsenko, Masanori Goto
Publisher: Taylor and Francis
Publication year: 2018
Book title : Russia's Far North: The Contested Energy Frontier
Journal name in source: Russia's Far North: The Contested Energy Frontier
Series title: Routledge Contemporary Russia and Eastern Europe
First page : 147
Last page: 161
ISBN: 978-1-138-30754-4
eISBN: 978-1-315-12177-2
DOI: https://doi.org/10.4324/9781315121772
Web address : https://www.taylorfrancis.com/books/e/9781351349024
Interest in developing the maritime and offshore industry has been growing in Russia in recent years, particularly due to the increasing strategic significance of the Arctic region for energy production and as a shipping route. The maritime industry has received increased political attention and funding in Russia, and its modernization is considered one of the priorities in the country’s industrial development. Currently, Russian shipbuilding expertise is dominated by military shipbuilding and, with regard to civil shipbuilding technologies, know-how, and production equipment, Russia is suffering from technological inferiority compared to the advanced shipbuilding nations in Europe and Asia. As Russia’s current shipbuilding capacity has been unable to meet the growing demand for vessel production, Russia is in need of international cooperation in the maritime and offshore industry. In fact, engagement in international activities can be seen as a key to developing Russia’s own maritime expertise, and foreign companies have been very interested in entering the country’s maritime business due to its huge market potential, particularly in terms of Arctic maritime and offshore projects (Finpro 2011; SmartComp 2013).