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  • 2014 May 19 10:46

    Tanker market to see positive dynamics in 2014, Sergei Frank says (photo)

    Tanker market to see positive dynamics in 2014, President and CEO of Sovcomflot Sergei Frank said at the Group's 13 annual business partners meeting which coincided this year with the call of the SCF Black Sea Tall Ships Regatta to the city of Sochi.

    “The year of 2013 was yet another year of recession at the global tanker markets, - Sergei Fran said. – However, operating under challenging conditions Sovcomflot managed to preserve operating profit margin and undertook successive steps on implementation of the present Development Strategy having ensured the increase of income from transportation of liquefied gas and servicing of offshore oil & gas projects. The Company’s Quarter I results suggest the appearance of prerequisites for market recovery and we expect that the year of 2014 will be marked by positive dynamics. Operating one of the youngest and most modern tanker fleets in the world, Sovcomflot enjoys strong position of one of the largest tanker companies worldwide and a leader in a number of market segments. The Company succeeds in solving the tasks set forth by the Development Strategy with major activities focused on the development of state-of-the-art shipping technologies required for the development of oil & gas fields in the Arctic and subarctic region…”

    The conference was traditionally attended by the Group’s BoD members, representatives of RF ministries and agencies, leading Russian and international oil & gas/shipping/shipbuilding companies, financial and investment as well as insurance and legal organizations, analytical and R&D centers.

    Presidential adviser Igor Levitin, RF Transport Minister Maxim Sokolov, Chairman of Duma Transport Committee Yevgeny Moskvichev and Deputy Transport Minister of Russia Victor Olersky were the guests of honour at the conference.

    In his opening speech, RF Transport Minister Maksim Sokolov said: “Annual SCF business partners conference has become a good tradition. This year the event is held for the first time in Sochi … Black Sea is a cradle of regular tanker shipping … The Black Sea is the place of location of Russia’s tanker fleet capital and Novorossiysk Shipping Company, one of SCF subdivisions… Sovcomflot succeeds in completing its tasks and significantly contributes to progressive development of the marine industry”.

    Presidential adviser Igor Levitin emphasized the role of Sovcomflot in Russia’s transportation industry.

    In his greetings to the conference participants Yevgeny Moskvichev said that marine transport is one of the key segments of Russia’s transportation system today covering a considerable part of foreign trade relations in Russia. “Sovcomflot is presently an undisputed leader of Russian shipping. It supports a high level of innovative approaches meeting the challenges of competitive business and operating in compliance with the best international standards of safety and quality. State Duma Transportation Committee successfully interacts with Sovcomflot experts in improving the legislation regulating marine transport activities, including that in the water area of the Northern Sea Route. We are set to further continue this fruitful cooperation with the Company.”

    Sovcomflot Group (SCF) is a major Russian shipping company, one of the world’s leading in hydrocarbons transportation, seismic and geological surveys and offshore production servicing. The company owns and charters fleet of 157 vessels (with total 12.74 million ton DWT) specialising in transportation of hydrocarbons from areas with harsh ice conditions. Over fifty vessels are ice-class ships. Sovcomflot has been engaged in maintenance of major power projects in Russia and abroad, including Sakhalin-1, Sakhalin-2, Prirazlomnoye, Varandey, Tangguh, Escobar, Peregrino. Sovcomflot HQ is located in St. Petersburg with branches in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, Madrid, Singapore and Dubai.

2023 September 29

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17:44 Terminal Cuenca del Plata investing $600 million Montevideo port expansion
17:25 EC Commission leads common efforts to improve state of Baltic Sea
16:36 New W-MAX Class LNG carrier for Petronas LNG delivered
16:04 Van Oord appoints new CFO
15:44 MOL takes delivery of very large LPG/ammonia carrier from Namura Shipbuilding
15:24 Vale and Petrobras sign Protocol of Intent to accelerate the development of low-carbon solutions
14:48 Skarv Shipping orders 4 short-sea low-carbon, multipurpose vessels
14:24 bound4blue to install three suction sails on Ville de Bordeaux
13:21 Port of London welcomes the world’s first methanol-fuelled container vessel
12:51 MacGregor to deliver a large order of RoRo equipment for two of the world´s first Pure Car and Truck Carriers using methanol
12:31 NYK to trial mooring system to suppress hull shaking with JERA and Trelleborg Marine Systems
12:14 Development Way arrives at Nakhodka Bay to start construction of chemical terminal
11:52 Praxis Automation receives an order from Rawabi Vallianz Offshore Services to equip the entire offshore fleet with dynamic positioning systems
11:25 Arkhangelsk and Olya seaports increased their throughput in 8M’23 by 58% YoY
11:15 Singapore named “Best Global Seaport” and “Best Seaport in Asia”
11:01 United Shipbuilding Corporation conducts audit of previously signed contracts
10:52 MABUX: Bunker Weekly Outlook, Week 39, 2023
10:44 ClassNK updates "Guidelines for Fuel Cell Power Systems On Board Ships"
10:20 Kalmar to supply Rotterdam Short Sea Terminals with six hybrid straddle carriers
09:59 Baltic Fleet's anti-submarine ships launch planned exercise
09:22 Baltic Fleet's ships conduct air defence exercise in naval station
09:13 MAN Energy Solutions receives an order from China Merchants Heavy Industry for six methanol GenSets

2023 September 28

18:07 ABS, Crowley agree to jointly explore advance augmented reality technology for maritime
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17:41 FESCO increased cargo transportation between Commercial Port of Vladivostok and Petropavlovsk-Kamchatsky by 6% YTD
17:13 Samskip and Boluda Lines join forces to launch new Spain-Ireland-UK service
17:00 Sakhalin-2 is ready to become a centre of competence for integrated field development
16:12 China ports container volume rises 4.8% from January to August 2023
16:06 Andrey Kostin asked RF Minister of Finance to “plug old financial holes” in USC
15:44 WinGD wins first approval in principle for ammonia two-stroke engine
15:23 Vopak repurposes existing infrastructure to support energy transition in California
14:53 VSE Corporation announces mutual agreement to terminate the sale of the VSE Federal and Defense segment to Bernhard Capital Partners
14:25 Sakhalin Energy enters into tripartite safety and security agreement
14:03 New Ro-Ro Vessel arrives at Shuwaikh Port following launch of Ro-Ro shipping service from Khalifa Port
13:56 CMA CGM orders eight methanol-fuelled containerships at Shanghai Waigaoqiao Shipbuilding
13:32 China Classification Society issues the first factory approval certificate for the marine methanol dual-fuel boilers
13:12 LR approves first methanol fuel cell system to be installed on an Italian yacht
12:55 Key focus of Day 1 of Global Fishery Forum & Seafood Expo Russia was on promotion of Russian products to various markets
12:41 Fincantieri delivers the third PPA “Raimondo Montecuccoli” in Muggiano
12:13 Shanghai Waigaoqiao Shipbuilding signs a contract for the construction of eight methanol-powered 9,200 TEU containerships
11:23 CHIMBUSCO introduces two new marine methanol fuel bunkering group standards with completion of China’s first green methanol refueling technology chain
11:22 Glavgosexpertiza approves Phase 1 of infrastructure facilities reconstruction in Sakhalin based port of Korsakov
10:43 Brunvoll picks Leclanche to provide battery storage system for Norwegian ferry
10:29 Diana Shipping announces the order of two 81,200 dwt methanol dual fuel Kamsarmax dry bulk vessels
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09:55 Baltic Hub handled its 20-millionth container
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2023 September 27

18:06 Mawani wins two awards at LTA 2023
17:57 Russia expanded fish exports geography to 80 countries this year
17:43 HAROPA PORT to create a new multimodal platform, 40 km from Paris
17:33 Russian Maritime Register of Shipping shares its business agenda at NEVA-2023
17:26 174 export terminals to focus on converting hydrogen into ammonia by 2035 - Rystad Energy
17:12 Sener develops the conceptual and basic engineering of two vessels with carbon capture systems for Grona Shipping
16:45 Maritime Partners acquires U.S. Marine Management from Maersk Line
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15:39 QatarEnergy signs new LNG ship-building agreement valued at QR14.2 billion with HD Hyundai Heavy Industries
15:39 Amur Shipyard launches two small missile ships of Project 22800, Rzhev and Udomlya
14:45 Value Maritime сompletes first filtree system installation in China for Ardmore Shipping
14:13 GTT receives an order from Jiangnan Shipyard for the tank design of two new LNG сarriers
13:13 GTLK: fully operational ship repair complex in Murmansk Region to dock 90 ships per year
12:41 ABS grants AiP to Samsung Heavy Industries for cyber resilience
12:24 ​Argeo and Shearwater form strategic alliance to transform subsea and ocean bottom seismic markets
11:41 ABS and AL Group to study Ultramax bulker methanol fuel conversion
11:38 Investments in Rosmorport’s ship repair base in the port of Ust-Luga is estimated at RUB 4 billion
11:05 Equinor and OMV agree new long-term gas sales agreement
10:55 PortNews Media Group welcomes to visit its stand at VI Global fishery forum & seafood expo Russia
10:40 Enova provides NOK 709 million in support for emission-free maritime transport
10:09 Galp takes final investment decision on green hydrogen and HVO/SAF projects
09:36 Ship repair companies are ready to unite in an association