• 2012 June 6 16:28

  SCF Group plans to invest heavily in fleet upgrade

  

  JSC Sovcomflot (SCF Group) is set to invest annually in its fleet renewal program approximately $500 million, the Group’s corporate publication said quoting the Group’s top executive.

  According to Nikolai Kolesnikov, Executive Vice-President, Chief Strategy & Financial Officer the company’s newbuilds portfolio is valued at $ 1.4 billion. Overall, the SCF Group has ordered 15 vessels of total deadweight of about 1.58 million tons.

  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 157 vessels of total deadweight of nearly 12 million tons, the average age of the tanker fleet is 6.6 years. SCF’s newbuildings order book includes 15 vessels of total deadweight of about 1.58 million tons. The Group has offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore
  
  

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