On 16 November 2010, SCF Group took delivery of the first product tanker, SCF Alpine under a joint project between SCF Group and Glencore International AG, SCF press release said.
The project, which will be undertaken by a joint venture of Sovcomflot and Glencore, provides for the acquisition and commercial management of five coated Panamax product tankers (LR1 type). Technical management of all the vessels will be performed by Unicom (St.Petersburg) – a subsidiary of OAO Sovcomflot.
The delivery of the four other product tankers is expected to be within the year 2011.
Evgeny Ambrosov, Senior Executive Vice-President of OAO Sovcomflot, noted: “Sovcomflot’s entry into the LR1 product tanker segment, as well as the enlargement of the company’s fleet with modern new vessels, is in line with SCF Group’s development strategy for 2010-2015, and is stipulated, among other factors, by the changing geography and structure of the world energy trade. Participation in the joint project with Glencore enables a broader access by SCF Group to the cargo base of one of the world’s largest traders and lays down the foundations of the company’s further development in the LR1 product tanker segment, as well as strengthening Sovcomflot’s position in the rapidly developing markets of seaborne oil and oil products transportation, first and foremost in South-East Asia.”
Jan Andersen, Head of Shipping, ST Shipping (a subsidiary of Glencore), noted 'The partnership with Sovcomflot is a new and very exciting milestone. SCF Group is a world class technical and commercial partner and we hope that this Joint Venture will play a key role in ST's transition from an operator of a substantial TC fleet to a Global player of both managed and owned vessels.
The first tanker of the SCF Alpine series is a modern Panamax product tanker with double-hull, deadweight – 74,120 tonnes, length – 228 metres, breadth (moulded) – 32.2 metres, and able to carry up to 12 grades of oil products. The implementation of improved tanker specifications corresponds to international safety of navigation and environment protection standards, and meets the technical requirements set for modern oil and oil product terminals.
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 segment. 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.
The project, which will be undertaken by a joint venture of Sovcomflot and Glencore, provides for the acquisition and commercial management of five coated Panamax product tankers (LR1 type). Technical management of all the vessels will be performed by Unicom (St.Petersburg) – a subsidiary of OAO Sovcomflot.
The delivery of the four other product tankers is expected to be within the year 2011.
Evgeny Ambrosov, Senior Executive Vice-President of OAO Sovcomflot, noted: “Sovcomflot’s entry into the LR1 product tanker segment, as well as the enlargement of the company’s fleet with modern new vessels, is in line with SCF Group’s development strategy for 2010-2015, and is stipulated, among other factors, by the changing geography and structure of the world energy trade. Participation in the joint project with Glencore enables a broader access by SCF Group to the cargo base of one of the world’s largest traders and lays down the foundations of the company’s further development in the LR1 product tanker segment, as well as strengthening Sovcomflot’s position in the rapidly developing markets of seaborne oil and oil products transportation, first and foremost in South-East Asia.”
Jan Andersen, Head of Shipping, ST Shipping (a subsidiary of Glencore), noted 'The partnership with Sovcomflot is a new and very exciting milestone. SCF Group is a world class technical and commercial partner and we hope that this Joint Venture will play a key role in ST's transition from an operator of a substantial TC fleet to a Global player of both managed and owned vessels.
The first tanker of the SCF Alpine series is a modern Panamax product tanker with double-hull, deadweight – 74,120 tonnes, length – 228 metres, breadth (moulded) – 32.2 metres, and able to carry up to 12 grades of oil products. The implementation of improved tanker specifications corresponds to international safety of navigation and environment protection standards, and meets the technical requirements set for modern oil and oil product terminals.
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 segment. 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.