• 2019 September 12 15:45

    SCF Group and NYK Line sign USD 176 million credit facility for eight years with three leading international banks

    Joint venture companies belonging to Sovcomflot (SCF Group) and NYK Line have signed a new USD 176 million non-recourse credit facility for eight years with three leading international banks: Sumitomo Mitsui Banking Corporation of Japan (through its German subsidiary, SMBC Bank EU AG); Société Générale of France, and Shinsei Bank of Japan, Sovcomflot says in a press release.

    The facility will be used towards refinancing two ice-class LNG carriers servicing the Sakhalin-2 project, Grand Aniva and her sister ship Grand Elena, which are jointly owned and operated by SCF Group and NYK Line. The vessels transport LNG year-round from the port of Prigorodnoye on Sakhalin Island to customers in Japan, South Korea and China under long-term contracts with Sakhalin Energy, the operator of Sakhalin-2 project. Since LNG shipments began from Sakhalin-2 in March 2009, the two carriers have successfully completed 325 voyages, delivering over 46.5 million cubic metres of LNG to customers.

    Grand Aniva (built in 2008) and Grand Elena (built in 2007) each have a cargo capacity of 145,000 cubic metres. The vessels are assigned an ice class of 1C, allowing them to safely operate in challenging ice conditions of the Sea of Okhotsk year-round.

    With this financing facility, SCF Group is pioneering the adoption of provisions that enable lenders to comply with the Poseidon Principles – an environmental initiative by leading international banks that promotes a low carbon future for the global shipping industry by establishing a framework for assessing and disclosing the climate change impact of ship finance portfolios. The Poseidon Principles are consistent with the International Maritime Organisation’s (IMO) ambition to reduce shipping’s greenhouse gas emissions by at least 50 per cent by 2050.

    Nikolay Kolesnikov, Executive Vice-President & CFO of Sovcomflot, said: "We are delighted to have concluded this new long-term financing agreement for our joint venture companies with NYK Line. We are grateful to our long-standing financial partners for their continued support and are pleased to welcome establishing relations with new international lenders.

    "SCF Group continues to demonstrate uninterrupted access to ship finance amid market cyclicality, which allows us to maintain a smooth debt repayment profile and a robust long-term liquidity position fully in line with our budgetary targets.

    "We are also pleased that this financing allows us to support the Poseidon Principles, a new initiative by the banking community aimed at decarbonisation of the shipping industry, and to promote responsible and sustainable shipping."

    Sovcomflot (SCF Group) is one of the world's leading energy shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as the servicing of offshore oil and gas exploration and production. The company’s fleet includes 146 vessels with a total deadweight of over 12.8 million tonnes. More than 80 vessels have an ice class.

    Sovcomflot is involved in servicing large oil and gas projects in Russia and around the world: Sakhalin-1; Sakhalin-2; Varandey; Prirazlomnoye; Novy Port; Yamal LNG, and Tangguh (Indonesia). The company is headquartered in Saint Petersburg, with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.

    In 2018, Sovcomflot pioneered the adoption of LNG as a primary fuel for large-capacity oil tankers and now has six LNG-fuelled crude oil tankers in operation. This ‘Green Funnel’ initiative has been commended by industry experts. In 2018, SCF Group won an Environmental Award – Individual Company category at the Lloyd's List Global Awards. In 2019, Gagarin Prospect, the lead ship in the ‘Green Funnel’ series of LNG-fuelled tankers, won the international Marine Propulsion Award for Ship of the Year 2018 and the Nor-Shipping Next Generation Ship Award.

    Морской терминал в Пионерском (Калининградская область) начнет работу не ранее 2021 года

    Отставание от графика строительства грузопассажирского терминала в Пионерском (Калининградская область) составляет 9 месяцев. Как передал корреспондент ИАА «ПортНьюс», об этом в ходе Балтийского транспортного форума в Калининграде сообщил заместитель директора Северо-Западного бассейнового управления ФГУП «Росморпорт» Андрей Мошков.

    По его словам, готовность объектов федеральной собственности составляет 27,7%.

    По оценкам представителя «Росморпорта», терминал сможет начать работу в 2021 году.

    Международный морской терминал в Пионерском должен стать одним из крупнейших инфраструктурных сооружений Северо-Западного федерального округа. Он сможет принимать более 400 судов, годовой пассажирооборот превысит 300 тыс. человек.

    Проект предполагает строительство морского вокзала с пропускной способностью более 1,2 тыс. человек в час, открытых грузовых площадок площадью 75,5 тыс. кв. м, два причала общей длиной 725 метров. Акватория будущего терминала составит 30,53 га. Стоимость проекта - 8 млрд рублей. В течение трех-четырех лет после завершения стройки порт Пионерский сможет принимать до 250 тыс. туристов в год.

    Ссылка по теме:

    Ввод морского терминала в Пионерском задержится на девять месяцев - губернатор Калининградской области >>>>

    Administration and personnel of Sea Port of Saint-Petersburg sign new Collective Agreement

    Andrey Zubarev, Managing Director of Sea Port of Saint-Petersburg JSC (SP SPb), and Emil Solodky, Chairman of the Unified Employee Representative Body, signed the new Collective Agreement for 2020-2022. The document registered at the Employment and Labour Affairs Committee of Saint-Petersburg comes into effect on January 1 of the next year. It will replace the Collective Agreement valid till the end of 2019.

    Apart from generally accepted and standard social guarantees ensured by the labour legislation of the Russian Federation, the new Collective Agreement of Sea Port of Saint-Petersburg JSC retains a number of additional benefits for employees. In particular, the company is set to continue sponsoring summer holidays for children, hold cultural and sport events, cover the expenses for visiting sport and fitness centers, provide benefits to the port veterans, provide financial allowance to multi-child families and those celebrating anniversaries, provide additional leave time for shift work and undertake other measures of social support.  

    Additionally, the Collective Agreement 2020-2022 foresees a new opportunity for the employees – to get a voluntary health insurance policy financed by the company in the employee’s interest. This decision was made upon the results of a poll according to which 73% of port employees had expressed their wish and readiness to join the programme of voluntary medical insurance. Also, most of the pollees had expressed their wish to get compensation for the expenses on sports and fitness centers. The majority opinion was taken into consideration when drafting the document.

    Annual expenses per employee in the period of new Collective Agreement validity are to increase by 18% versus the year of 2019.

    The negotiations between the employer and the employees on approval of the new version of the Collective Agreement had been lasting from July of the current year. The Unified Employee Representative Body included three trade union organizations of the port: primary trade union organization of the Dockers' Union of Russia, primary trade union organization “Portovik” of the RF Water Transport Workers’ Union and primary trade union organization of Big Port St. Petersburg workers.

    “Social cooperation is based on partnership. All issues should be addressed promptly and meaningfully”, said SP SPb Managing Director Andrey Zubarev.

    According to the statement, the Collective Agreement reflects the principals of social partnership between employer, employees and trade unions, legal representatives of employees. It ensures efficient operation of the company and creates favorable environment for each employee’s work.

    Sea Port of Saint-Petersburg JSC is the largest operator rendering services on handling of all types of dry cargoes at Big Port St. Petersburg. It operates modern multipurpose specialized terminals for handling of general and bulk cargoes and specialized terminals for ro-ro cargoes and containers. In 2018, the company handled 7.7 million tonnes of cargo.




2019 September 21

16:17 USCG responds to breakaway barges striking I-10 San Jacinto River bridge
15:14 Eastern Shipbuilding launches the C.D WHITE for E.N. Bisso & Son
14:06 Boskalis associate Smit Lamnalco signs first 10-year terminal services contract in Mozambique
12:52 Kongsberg wins first full-scope expedition cruise vessel tender, with gensets and propulsion equipment
11:34 Rauma Shipyard bags Finnish Navy's four corvettes order

2019 September 20

18:41 Vostochny Port joins Coordinating Council on Trans-Siberian Transportation as its permanent member
18:22 IAA PortNews offers photo release from 'Development of Icebreaking and Support Fleet' conference held on NEVA 2019 zero-day
18:05 Global Ship Lease announces new five-year $268 mln credit facility for debt refinancing
17:24 Vostochny Port’s harbour services fleet presented at dedicated conference in Saint-Petersburg
17:05 F. A. Vinnen places entire fleet with Verifavia Shipping & Rina for IHM services
16:50 Helsinki Shipyard (Finland) to build two liners for polar cruises
16:35 COSCO SHIPPING Ports announces disposal of interest in various port assets and possible disposal of Taicang Terminal and Jiangsu Petrochemical Terminal
16:21 ABB presents electric power and propulsion solutions for icebreaking vessels at NEVA 2019
16:05 Port of Los Angeles protects overall clean air gains
15:19 Port of Riga rapidly increases volume of handled wood pellets
14:53 South Korean port to slash passenger vessel emissions with ABB shore power
14:15 Krasnoye Sormovo launches Pola Pelagia, dry cargo carrier of Project RSD59З, for Pola Rise
13:30 Damen Shipyards Group is ready to ensure construction of electric water buses for rivers and canals of Saint-Petersburg and Russia
13:12 MSC Cruises and Fincantieri unveil further details of MSC Seashore at coin ceremony
12:24 Victor Olersky sees promising future of electric river passenger ships in Saint-Petersburg and in Russia
12:09 Algoma Central Corporation announces agreement to acquire Croatian-built vessel
11:28 Specifications for 0.50% sulphur fuels and the PAS from ISO: IBIA explains
11:09 GTT obtains Approval in Principle from Bureau Veritas for the Mark III Flex technology on ice-breaking LNG carriers
10:52 IBIA and S&P Global Platts collaborate to help shipping industry comply with IMO 2020
10:31 Workshop for training on emergency response, preparation and planning held in Manila
10:09 Van Oord and Shell test the use of biofuel on trailing suction hopper dredger HAM 316
09:50 State Duma ratifies Convention on the Legal Status of the Caspian Sea
09:33 Brent Crude futures price is up 0.20% to $63.73, Light Sweet Crude – up 0.98% to $58.7
09:25 Lloyd’s Register, China Merchants, GTT, CNOOC, DSIC form jv to design LNG-fuelled VLCC
09:17 Baltic Dry Index is down to 2,192 points
08:58 MABUX: Bunker Market this morning, Sept 20

2019 September 19

18:04 Bibby Marine Services takes the next step to optimize walk-to-work operations
17:56 Marinet approves Poseidon maritime cyber security project
17:37 American Ethane reveals plans to order 17 VLECs
17:34 Wärtsilä’s Board of Directors decided on the distribution of the second dividend instalment
17:22 Marinet approves T2OT project for high accuracy positioning of seagoing vessels
17:04 VARD secures advanced stern trawler contract with Luntos
16:50 Average wholesale prices for М-100 HFO down to RUB 14,328 in RF spot market
16:34 Zeebrugge port authority invests in new 1,071 meter quay wall
16:04 RINA to classify Swedish Maritime Administration fleet
15:53 Marinet set to establish exports support center in Finland in 2020
15:34 MacGregor secures orders worth more than EUR 20 million for projects in Europe and Asia
15:05 Wärtsilä foresees a lower result for 2019
14:31 North Pole ice-resistant platform presented by Admiralteiskie Verfi at NEVA 2019
14:09 ABS announces LNG Cargo Ready notation for ethane carriers at Gastech 2019
13:46 Hyundai Heavy Industries receives AIP for new LPG carrier design
13:03 Bunker prices go up at the Far East ports of Russia (graph)
12:40 ABS and AEC сollaborate on newbuild VLEC fleet
12:17 Murmansk Sea Fishing Port handled 171,200 tonnes of cargo in 8M’2019, down 28.5% Y-o-Y
11:58 PortNews-TV offers video on naming ceremony for PortNews tanker
11:36 International symposium on Anthropogenic Underwater Noise held in Hamburg on 10 September
11:09 LR awards DSME AiP for 98,000 m3 VLEC design with High MnA steel tank
10:42 Ships of RF Navy’s Caspian flotilla take part in Tsentr 2019 maneuvers
10:09 Singapore and Panama ink MoU to strengthen maritime relations
09:51 Brent Crude futures price is up 0.20% to $63.73, Light Sweet Crude – up 0.33% to $58.23
09:49 MABUX: Bunker market this morning, Sept 19
09:33 Baltic Dry Index is down to 2,266 points
09:18 ABS grants AIP for two next generation gas carrier designs

2019 September 18

18:26 SGRE confirmed member of the Dow Jones Sustainability Indices in 2019
18:03 MOL repays existing loans through issuance of project bond for FPSO charter project