The rate of chartered Sovcomflot’s fleet tankers is at quite a good level, Sovcomflot President & CEO Sergey Frank said during his lecture at Graduate School of Management of St. Petersburg State University, PortNews correspondent reported.
"It is permissible for us when only 4 ships a day do not have a fixed tonnage (not busy). It is a very good indicator for the shipping industry", the head of Sovkomflot was quoted as saying.
Sergey Frank noted that in the SCF’s structure of charters 53.7% are long-term time-charter contracts. The share of spot charters is only 32.6%. "Our objective – to never have an open position in spot charters more than 50% of the fleet. It has helped us survive the crisis," added Sovcomflot President.
"It is permissible for us when only 4 ships a day do not have a fixed tonnage (not busy). It is a very good indicator for the shipping industry", the head of Sovkomflot was quoted as saying.
Sergey Frank noted that in the SCF’s structure of charters 53.7% are long-term time-charter contracts. The share of spot charters is only 32.6%. "Our objective – to never have an open position in spot charters more than 50% of the fleet. It has helped us survive the crisis," added Sovcomflot President.
St. Petersburg-based Sovcomflot (Modern Commercial Fleet, JSC SCF) is Russia's largest shipping company, one of the world's leading energy carriers. SCF ranks among five top tanker companies in the world. The Group’s fleet of 146 vessels has a total deadweight of over 10 million tons, 10 newbuildings of total 800,000DWT. The average age of the tanker fleet vessels is about 7 years.
The SCF’s tankers were built at shipyards of Russia, Japan, Germany, the Republic of Korea and Croatia under the supervision and in accordance with the requirements of leading international classification societies. SCF specializes in transportation of hydrocarbons from areas with difficult ice conditions (the Baltic region, the Far East region, the Russian Arctic).