Admiralty Shipyard

What Admiralty Shipyard does

Admiralty Shipyard (Адмиралтейские верфи) is a Saint Petersburg-based shipbuilding enterprise founded in 1704 by Peter the Great and operated today as a Joint Stock Company within the Russian state-owned United Shipbuilding Corporation (OSK). The yard functions as Russia's designated Center of non-nuclear submarine shipbuilding and holds the largest submarine series in the country at 75 units. Its 77.5-hectare production footprint spans 3 km along the Neva River embankment and is capable of building vessels up to 70,000 deadweight tons, with a full in-house production cycle covering hull construction, assembly-welding, machine-building, slipway launching, outfitting, and after-sale service, supported by its own engineering center.

The product portfolio spans naval and civilian shipbuilding: diesel-electric submarines (Projects 636 and 677), rescue vessels (Project 21300 'Igor Belousov'), diesel-electric icebreakers (Project 21180 'Ilya Muromets'), manned and autonomous deep-water apparatus (Projects 16811 and 18271 'Bester'), large freezing fishing trawlers (Project ST-192), Arctic tankers, product tankers, research expedition vessels, ice-resistant self-propelled platforms (Project 00903 'Severny Polyus'), aluminum workboats, and icebreaking tugs. The yard has built approximately 2,700 ships and vessels over its 321-year history.

Revenue is generated almost entirely through state defense orders and government procurement contracts, with primary customers being the Russian Navy and civilian maritime operators funded through state investment quota programs such as 'Kvoty pod kil' (administered with the Federal Agency for Fishing and executed with anchor customer Russian Fishing Company / RRPK). Pricing is not market-determined but set through state defense order allocation. The enterprise is led by General Director Alexander Buzakov and reports an active order book covering multiple ongoing naval and civilian series.

Name

Admiralty Shipyard

Legal name

Акционерное общество «Адмиралтейские верфи»

Website

https://admship.ru

Company type

Private

Founded year

1704

Operating status

Operating

Headcount range

1–10 employees

Short description

Admiralty Shipyard (Адмиралтейские верфи) is a 321-year-old Russian state-owned shipbuilder in Saint Petersburg, operating within United Shipbuilding Corporation as Russia's designated center of non-nuclear submarine shipbuilding. It builds submarines, icebreakers, rescue vessels, fishing trawlers, tankers, and deep-water apparatus primarily for the Russian Navy and state-funded civilian maritime programs.

Ownership category

akta.pro rank

Product category

Naval Shipbuilding

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Naval Shipbuilding Program Management & Defense Contracting Support (IMAJABAO)

akta.pro secondary industries

Auxiliary & Logistics Naval Vessels (Replenishment, Support, Hospital) (IMAJABAD), Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Yard Layout & Production Facilities (Assembly Bays, Block Fabrication Shops, Warehouses) (IMAJALAG)

Keywords

• Naval shipbuilding
• Submarine construction
• Commercial vessels
• Icebreaker manufacturing
• Fishing trawler construction

Headquarters

HQ city

Saint Petersburg

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure

Revenue model

1. Military vessel construction: Building submarines and naval surface ships for Russian Navy and export customers
2. Civilian vessel construction: Commercial ships including fishing vessels, tankers, research vessels under state investment quota programs
3. Deep-water equipment: Autonomous deep-water apparatus and rescue equipment

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Admiralty Shipyard is a diversified shipbuilding enterprise constructing non-nuclear submarines (Projects 636 and 677), naval surface vessels, deep-water rescue apparatus, icebreakers, large freezing fishing trawlers, research expedition vessels, tankers, and auxiliary vessels. The yard operates as Russia's center of non-nuclear submarine construction and serves both the Russian Navy and civilian maritime operators through government defense orders and state investment quota programs.

Product overview

Admiralty Shipyard (АО «Адмиралтейские верфи») is Russia's leading non-nuclear submarine shipbuilding center, operating as part of the United Shipbuilding Corporation (ОСК). The company operates as a diversified shipbuilding enterprise producing both naval and civilian vessels. The product portfolio includes: (1) Naval vessels - diesel-electric submarines (Projects 636 and 677), rescue vessels (Project 21300 'Igor Belousov'), and deep-water rescue apparatus (Projects 18271 'Bester' and 16811); (2) Icebreakers - diesel-electric icebreakers (Project 21180 'Ilya Muromets') for Arctic operations; (3) Civilian vessels - large freezing fishing trawlers (Project ST-192 for RRPK), research expedition vessels (Projects 22280 and 00903 'Severny Polyus' ice-resistant platform), tankers (Projects 15966, 20070, 20071, 05-55, R-70046 Arctic tankers), aluminum boats ('Master' series), and icebreaking tugs (Project 205-007). Production facilities can build vessels up to 70,000 tons deadweight. The yard has constructed over 2,700 ships and vessels since its founding in 1704, and currently holds the largest series of submarines (75 units) in its production history.

Differentiator

Problem solved

Functional benefit

Products and services

• Diesel-Electric Submarines Project 636 (Дизель-электрические подводные лодки проекта 636) Diesel-electric submarines for the Russian Navy, representing one of the yard's core naval products.
• Diesel-Electric Submarines Project 677 (Дизель-электрические подводные лодки проекта 677) Advanced diesel-electric submarine project representing modernization of the yard's submarine fleet.
• Diesel-Electric Icebreaker Project 21180 'Ilya Muromets' (Дизель-электрический ледокол проекта 21180 «Илья Муромец») Diesel-electric icebreaker for polar operations and Arctic shipping support.
• Rescue Vessel Project 21300 'Igor Belousov' (Судно-спасатель проекта 21300 «Игорь Белоусов») Deep-water rescue vessel for submarine rescue operations.
• Large Freezing Fishing Trawler Project ST-192 (Большой морозильный рыболовный траулер проекта СТ-192) State-of-the-art large freezing fishing trawlers for the Russian Fishery Company (RRPK), designed for mackerel and herring fishing with on-board processing. Annual catch capacity exceeds 60,000 tons.
• Ice-Resistant Self-Propelled Platform Project 00903 'Severny Polyus' (Научно-экспедиционное судно ледостойкая самодвижущаяся платформа проекта 00903 «Северный полюс») Ice-resistant self-propelled platform for Arctic research expeditions.
• Research Expedition Vessel Project 22280 (Научно-экспедиционное судно проекта 22280) Research expedition vessel for polar research operations.
• Arctic Tankers Project R-70046 (Арктические танкеры проекта Р-70046) Arctic-class tankers designed for operations in harsh polar conditions.
• 28,400 Ton Tankers Project 15966 (Танкеры 28 400 тонн проекта 15966) Medium-sized tankers for oil and petroleum product transport.
• 20,000 Ton Tankers Project 20070 (Танкеры 20 000 тонн проекта 20070) Product oil tankers for coastal and maritime transport operations.
• 20,000 Ton Tankers Project 20071 (Танкеры 20 000 тонн проекта 20071) Product oil tankers for maritime transport.
• Tankers Project 05-55 (Танкеры проекта 05-55) Tanker vessels for petroleum product transport.
• Icebreaking Firefighting Tug Project 205-007 (Ледокольный противопожарный буксир проекта 205-007) Icebreaking firefighting tug for rescue and firefighting operations in ice conditions.
• Aluminum Boats 'Master' (Алюминиевые лодки «Мастер») Aluminum boats for various commercial and support operations.
• Autonomous Deep-Water Apparatus Project 16811 (Автономный глубоководный аппарат проекта 16811) Autonomous deep-water apparatus for underwater operations and research.
• Manned Rescue Deep-Water Apparatus Project 18271 'Bester' (Обитаемый спасательный глубоководный аппарат проекта 18271 «Бестер») Manned deep-water rescue apparatus for submarine crew rescue operations.

Quantifiable outcome

• 61% average net profit growth over 5 years
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and major.

• United Shipbuilding Corporation (Объединенная судостроительная корпорация)coreStrategic or Co-development PartnerParent corporation; Admiralty Shipyard is described as 'enterprise No. 1' within the United Shipbuilding Corporation; operates as part of the state defense conglomerate
• Russian Fishing Company (Русская Рыбопромышленная Компания)majorStrategic or Co-development PartnerPartnership under state investment quota program 'Kvoty pod kil' (Investment Quotas for Vessel Construction); building series of 8 large freezer fishing trawlers project ST-192; vessels named after company captains
• Federal Agency for Fishing (Росрыболовство)majorStrategic or Co-development PartnerGovernment customer for fishing fleet modernization program; responsible for fisheries regulations and vessel quota allocations

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Naval Group: France's state-owned naval shipbuilder producing Barracuda nuclear submarines, surface combatants, and aircraft carrier support; comparable as a national champion in submarine and naval shipbuilding for state defense customers.
• Mitsubishi Heavy Industries: Japanese shipbuilding major producing destroyers, submarines, and large commercial vessels for Japan's Maritime Self-Defense Force; broadly comparable as a national champion in submarine and naval shipbuilding.
• Huntington Ingalls Industries: Largest US military shipbuilder (nuclear submarines, aircraft carriers, destroyers) under General Dynamics competitor set; broadly comparable as a major Western naval shipbuilding prime, though operating in a different geopolitical and customer ecosystem.
• thyssenkrupp Marine Systems (TKMS): German submarine specialist building Type 212/214/209 submarines for NATO and allied navies; directly comparable product portfolio in conventional submarines for government naval customers.

Regional players

• Vyborg Shipyard: Russian shipyard specializing in icebreakers, patrol vessels, and offshore platforms; comparable as a Russian state-linked builder of ice-class and patrol vessels for state customers in a similar regional defense/maritime ecosystem.

Direct peers

• Baltiysky Zavod: Saint Petersburg shipyard under USC building nuclear icebreakers (Project 22220) and Arctic vessels; comparable as a fellow Russian large-vessel shipyard producing icebreakers and naval platforms for state customers.
• Yantar Shipyard: Kaliningrad-based shipyard under USC producing frigates and military vessels for the Russian Navy; directly comparable as a Russian state-controlled naval shipbuilding enterprise serving similar defense customers.
• Sevmash Shipyard: Russia's largest nuclear submarine builder based in Severodvinsk; comparable as a state-owned defense shipyard under United Shipbuilding Corporation producing submarines and surface vessels for the Russian Navy, competing for similar naval programs.
• Severnaya Verf (Northern Shipyard): Saint Petersburg-based sister shipyard within United Shipbuilding Corporation producing frigates, corvettes, and supply vessels; directly comparable naval shipbuilding operations within the same Russian state conglomerate.
• Zvezdochka Shipyard: Severodvinsk-based ship repair and submarine maintenance yard under USC; comparable as a Russian state-controlled submarine lifecycle services provider within the same defense conglomerate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/admiralty-shipyard

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Admiralty Shipyard