An earlier report said the Panamax class 70,000dwt Kirill Lavrov tanker is designed to transport oil and gas condensate from Prirazlomnaya field (in the Barents Sea). Admiralty Shipyards had built the Mikhail Ulyanov tanker with similar characteristics. Sovcomflot got a $200m loan from VneshEconomBank for 7 years to finance the acquisition and further operation of the two tankers.
Sovcomflot Group, founded in 1995, is one of the largest Russian shipping companies. Sovcomflot’s fleet comprises of 146 ships of total deadweight of over 10 million tons. The company shipbuilding program includes 10 ships of total 800,000 DWT. The average Sovcomflot’s tanker age is some 7 years (world’s average - 12 years). The Group ranks first in the world in the segment of commodities carriers, the second - in Aframax vessels fleet. The company has the world’s largest Ice Class vessels fleet. It is also the top global operator of Arctic shuttle tankers and LNG carriers with Ice Class.