A largest global carrier of energy sources Sovcomflot Group (SCF) held an official ribbon-cutting ceremony for its new office in Singapore, the Group said Wednesday.
The SCF Unicom Singapore office is the first branch of the Group outside Europe and the fourth representation abroad.
The Asian office will focus on technical management of the Group’s vessels for a number of large projects, including "Sakhalin-1" and "Sakhalin-2". The Singapore unit will be charge of management of seven vessels chartered under long-term time-charter agreements with major oil companies Shell and Exxon. The vessels are engaged in transportation of hydrocarbons to Asian markets, largely to South Korea, Japan and China.
The Group plans to continue its expansion in Southeast Asia following the commodity traffic growth.
St.Petersburg-headquartered Sovcomflot (SCF Group), the biggest shipping company in Russia, ranks the fifth top tanker company in the world. The Company specializes in global transportation of crude oil, petroleum products and other energy sources. The Group's fleet comprises 156 vessels of total deadweight of nearly 12 million tons, the average age of the tanker fleet is 6.6 years.
SCF’s newbuildings program includes 15 vessels of total deadweight of about 1.73 million tons. The Group with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore.