Russia's United Shipbuilding Wins US$1-billion Order

Russia's United Shipbuilding wins a $1-Bln Sovcomflot order to build four seismographic survey ships

"This is a series of four ships we will build in pairs, the contract is worth over one billion dollars,"  said OSC's Roman Trotsenko at the St Petersburg Economic Forum.

He explained the high cost of the deal was because the ships were technologically advanced.

"For us, this is the largest contract signed at the forum," he said.