• 2017 October 4 18:19

    Sovcomflot demonstrates stable financial results

    PAO Sovcomflot (“SCF Group”) says its Board of Directors met on 3 October 2017 and approved the company’s financial results for the first half of 2017. At the same time the members of the Board noted that, despite the notable weakening in the global market for shipping commodities by sea, the company demonstrated stable financial results. Sovcomflot’s gross revenues for the first half of 2017 totalled USD 710.1 million, with a net profit of USD 15.2 million.

    Against a background of extremely unfavourable conditions in the global tanker shipping market, SCF Group continues to expand its fleet serving long-term industrial projects. On 27 March, the world’s first ever icebreaking liquefied natural gas (LNG) carrier, Christophe de Margerie, joined the Sovocmflot fleet. Meanwhile, two new icebreaking platform supply vessels, Gennady Nevelskoy and Stepan Makarov, were commissioned in the second quarter of the reporting period, serving the Sakhalin-2 oil and gas projects.

    The members of the Board were briefed about the key events for SCF Group during August and September 2017:

    On 17 August, Christophe de Margerie, the icebreaking LNG carrier, successfully completed her first commercial voyage, delivering a shipment of LNG along the Northern Sea Route from Norway to South Korea.

    On 25 September, Sovcomflot signed a package of agreements with Rosneft, State Transport Leasing Company and Far Eastern Shipbuilding and Ship Repair Centre for the construction of five Aframax oil tankers and their subsequent use to export crude oil and Rosneft’s oil products. The tankers will primarily use natural gas fuel (LNG) and will be built by Far Eastern Shipbuilding and Ship Repair Centre (Primorsky Krai) in conjunction with Hyundai Heavy Industries (South Korea). Sovcomflot will operate the vessels.

    On 27 September, Sovocmflot was named “Tanker Operator of the Year” by the leading industry journal Lloyd’s List. The Lloyd’s List Global Awards are considered one of the most prestigious awards in the global shipping industry.

    Sovcomflot has been named a finalist at the international Platts Global Energy Awards 2017, promoted by the American information agency Platts, in four different award categories: Engineering Project of the Year (Cristophe de Margerie); Financial Deal of the Year (2016 Eurobonds and Eurobond tap in 2017); Industry Leadership – LNG; Industry Leadership – Midstream.

    PAO Sovcomflot (SCF Group) is one of the world's leading shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as servicing offshore upstream oil and gas installations and equipment. The Group’s fleet comprises 149 vessels with a total deadweight of over 13.1 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai. 

    The Group offers a wide range of vessels in the market segments most demanded by major Russian oil and gas companies. With its own technical development and unique approach to advanced technologies, Sovcomflot can meet the most demanding customer requirements, providing effective transportation for oil & gas companies.

2018 March 21

08:08 Scottish ports secure AEO status for Leith, Rosyth and Grangemouth
00:32 Ontario Government accepts Damen proposal for full ferry electrification

2018 March 20

18:20 Sirius Petroleum announces delivery of compact well head systems for Ororo-4 and Ororo-5
18:02 Leningrad Region Governor visits Vyborg Shipyard
17:56 PSA’s Bharat Mumbai Container Terminals enhances Nhava Sheva connectivity with first barge and train volumes
17:40 Van Oord posts results for 2017
17:25 Nevsky Shipyard designed a unique test stand
16:58 Multi-Link Terminals Ltd Oy orders Konecranes ship-to-shore crane for its Helsinki terminal
16:40 SMM 2018: green shipping makes headway
16:01 Transit shipments of containers on Russian Railways' network increased by 40% in January-February 2018
15:36 Rotterdam, the Netherlands will host 21st Ballast Water Management Conference on 7-8 November, 2018
15:13 NWSA container volumes grow 6 percent in February 2018
14:50 IMO Secretary-General Kitack Lim spoke at International Shipping Summit in Istanbul
14:24 More than half of spaces at icebreaker Arktika being built by Baltiysky Zavod are ready for outfitting (photo)
14:12 Maersk Line increases FAK rates from Far East to North Europe
13:35 Dredging works to be performed at seaport of Vladivostok
13:13 BP charters Safe Caledonia for West of Shetland
12:47 Traffic of passenger cars and buses through Crimea Bridge to be launched in May 2018 – RF Transport Ministry (photo)
12:01 Wan Hai Lines to launch new China to Vietnam service
11:51 40 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 19-20
11:28 Bunker prices level up at the Far East ports of Russia following last week’s fall (graph)
11:19 Maersk Line stops Winter Fee from world to St Petersburg FCT, RU, St Petersburg, RU, St Petersburg FP, RU, Ust Luga, RU and Kronshtadt
11:03 Skangas celebrates milestone with 1,000 LNG bunkering operations in 2017
10:40 Experts say Wärtsilä – Transas transaction is a step towards Wartsila localization in Russia
10:14 Brent Crude futures price up 0.3% to $66.25, Light Sweet Crude – up 0.34% to $62.34
09:37 Rosneft produced 225.5 mmtoe of liquid hydrocarbons in 2017, up 7.3% YoY
09:15 Baltic Dry Index down to 1,136 points

2018 March 19

18:06 CMA CGM announces GRR from Asia to East Africa
18:00 NIBULON awarded first advanced training certificates of state standard to shipbuilders
17:39 Vladivostok Sea Fishing Port handled 618,500 tonnes of fish in 2M’18, up 19.8% Y-o-Y
17:22 Gross revenue of Sovcomflot in 2017 grew by 3.4% to $1.43 billion
16:58 VSC terminal launches train services to Ramenskoye Station
16:41 Wagenborg carries out inspections in Russian Far East
16:30 ClassNK releases Guidelines for Direct Load Analysis and Strength Assessment of hull structure
16:06 Port of Rotterdam Authority: solid financial results in 2017 create new scope for ambitious investment programme
15:49 Maersk Line relaunches Asia-Europe Network to increase schedule reliability
15:43 Port of Rotterdam could increase its market share in certain regions in South-West Germany by up to 23%
15:17 North Rhine-Westphalia and Port of Rotterdam make start on port agreement
14:54 Exercise on maritime security held in Nigeria on 14-16 March
14:29 Rosneft posts growth of its net income in 2017, by 40.7% to USD 3.8 billion
13:55 Average wholesale prices for М-100 HFO down to RUB 11,944 in RF spot market
13:32 Workshop on how to design and conduct drills and maritime security exercises held in Jamaica
13:10 DP World and NIIF joint venture Hindustan Infralog to acquire 90% of Continental Warehousing Corporation in India
12:48 52 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 18-19
12:21 Wärtsilä acquires Transas to accelerate its Smart Marine Ecosystem vision
12:05 ULSTEIN holds steel cutting for SunStone's X-BOW expedition cruise vessel
11:49 Aker Arctic and ICEYE to provide satellite ice information
11:30 13th Arctic Passion Seminar held in Helsinki
11:08 Bibby Offshore announces merger with Rever Offshore
10:45 Container throughput of port Hong Kong (China) up 2.2% to 3.22 million TEUs in Jan-Feb’18
10:23 Brent Crude futures price down 0.48% to $65.89, Light Sweet Crude – down 0.46% to $62.12
10:08 MSC launches new freight rail service between Seville, Spain, and the Atlantic
09:42 Singapore will host 17th Vessel Efficiency and Fuel Management Summit on 29-30 August 2018
09:17 Baltic Dry Index down to 1,143 points
09:08 Ulstein celebrates keel laying of Lindblad’s first polar new build
08:04 DP World acquires fully integrated logistics services provider in Peru

2018 March 17

06:48 Seatrade convicted for trafficking toxic ships

2018 March 16

18:06 Rijkswaterstaat awards Afsluitdijk project to Levvel consortium
17:36 HHLA Container Terminal Burchardkai handles new record ship
17:05 ICS publishes latest Flag State Performance Table