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2009 September 23   14:00

Sovcomflot plans up to 12-pct reduction of bunker fuel consumption

Sovcomflot plans to cut the consumption of bunker fuel by 10-12% in 2009 through optimization of voyage planning, Sergei Popravko, Sovcomflot BoD member said at the meeting of the Board of Directors held September 22, 2009, Sovcomflot press center reports.

Sovcomflot OJSC is Russia’s largest shipping company and the world’s fifth-largest tanker company. Its fleet comprises 137 vessels with total deadweight of some 9.6 million tonnes. The Group’s current backlog of orders numbers 23 vessels with total deadweight of 2.1 million tonnes. The average age of the Group’s tanker fleet is six years (against the world’s average age of 12 years). Sovcomflot Group holds a leading position in the global market of product carriers, Aframax tankers, ice-class LNG-carriers and Arctic shuttle tankers, those of special demand in Russia’s foreign trade.

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