• 2019 July 26 15:24

    Sovcomflot’s BoD approved transactions with Zvezda to place orders for construction of three LNG-powered MR product carriers

    The first meeting of PAO Sovcomflot’s Board of Directors this year, incorporating new members, was held on 23 July 2019, Sovcomflot says in a press release.

    Guided by a Directive of the Russian Government, the company’s Board of Directors approved transactions with Zvezda Shipbuilding Complex (Primorsky Region) and a subsidiary of JSC VEB Leasing to place orders for the construction of three new-generation MR product carriers using LNG as their main fuel. The vessels will be chartered to a subsidiary of PJSC NOVATEK under twenty year time-charter agreements.

    Sergey Frank, President and CEO of Sovcomflot, says:

    "We are grateful to PAO Sovcomflot’s shareholder and our partners PJSC NOVATEK and VEB.RF for supporting SCF’s environmental initiative that provides for the gradual transfer of our large-capacity tanker fleet to using more environmentally safe LNG fuel. The introduction of "green" technologies for energy shipping is one of the priorities provided for by the development strategy of our company for the period up to 2025. The company already successfully operates a series of the world's first Aframax-class tankers to use LNG fuel. Five more of SCF’s "green" series vessels will be built at Zvezda Shipbuilding Complex and put into operation from 2022 to 2023."

    Igor Tonkovidov, Executive Vice President and CTO/COO of Sovcomflot, said:

    "In 2022, our company will accept the world's first product carriers operating on with LNG fuel. We welcome the localisation of new civil shipbuilding technologies that envisage the manufacturing of advanced marine equipment in Russia, the operation of which will help reduce the environmental footprint of humanity. I am confident that the serial construction of new-generation LNG-fuelled large-capacity vessels at the facilities of Zvezda Shipbuilding Complex will contribute to strengthening the leadership and increasing the competitiveness of Russian shipping companies in the world market."

    SCF Press Service

    Sovcomflot (SCF Group) is one of the world's leading energy shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as the servicing of offshore oil and gas exploration and production. The company’s fleet includes 146 vessels with a total deadweight of over 12.8 million tonnes. More than 80 vessels have an ice class.

    Sovcomflot is involved in servicing large oil and gas projects in Russia and around the world: Sakhalin-1; Sakhalin-2; Varandey; Prirazlomnoye; Novy Port; Yamal LNG, and Tangguh (Indonesia). The company is headquartered in Saint Petersburg, with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.

    'Green Funnel' series of SCF large-capacity tankers. Currently, SCF Group has six LNG-fuelled crude oil tankers of Gagarin Prospect type in operation (114,000-dwt, Arc4 ice class). In 2019, Gagarin Prospect, the lead ship in the series, won the international Marine Propulsion Award for Ship of the Year 2018 and Nor-Shipping Next Generation Ship Award 2019.

    In April 2019, Sovcomflot also won an annual Marine Money award. This was for the loan agreement with a consortium of foreign banks to finance the construction of a series of LNG-powered large-capacity crude oil tankers. The transaction was recognised as the Deal of 2018 in the Green Ship Finance – West category. Sovcomflot became the first winner of this award.

    In December 2018, SCF Group won a Lloyd's List Global Award-2018 in the Environmental Award – Individual Company category for its initiative to introduce LNG as a primary fuel for large-capacity tankers.

    During the second half of 2018, Sovcomflot placed orders at Zvezda for five LNG-fuelled tankers, which will be time-chartered to Rosneft and Novatek once delivered. In addition, Sovcomflot provides technical supervision for the construction of five LNG-fuelled tankers for Rosneft at Zvezda, and it is envisaged that Sovcomflot will provide technical management of these tankers following their delivery.




2020 July 10

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10:22 Rosmorport changes tariffs on berth assignment services in Astrakhan and Olya seaports
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09:37 Oil prices decrease amid concern over demand recovery rates
09:20 Baltic Dry Index as of July 9
09:11 MABUX: Bunker market this morning, July 10

2020 July 9

19:03 OOCL receives Gold Award from the HKAEE for the fourth time
18:10 Aquila Power Catamarans announce a luxuriously versatile new model
17:55 Tallink Grupp’s vessel Sailor to operate on Paldiski-Kapellskär Route from Sunday
17:31 Bunker prices are flat at the Far East ports of Russia (graph)
17:28 Port of Rotterdam to start trial with PIN-free container handling
17:18 Damen holds keel-laying for Port of Auckland’s fully electric RSD-E Tug 2513
17:12 Diana Shipping announces time charter contract for m/v Selina with ST Shipping
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16:23 Jan De Nul Group has started offshore installation activities in Taiwan
16:06 Port of Liepaja throughput in 6M’2020 fell by 15.6% Y-o-Y
15:48 Russia remains in Paris MOU’s White List
15:24 PD Ports submit response to national Freeport consultation
15:03 Khabarovsk Territory Governor Sergey Furgal detained by officials of Russia’s Investigative Committee
14:39 Aibel awarded Oseberg portfolio agreement
13:47 Ukraine is still on Paris MOU’s Black List
13:22 MOL announces joint development of energy-saving rudder
12:50 Container shipments on Russian Railways’ network up 15% in 1H 2020
12:17 Cargo transhipment in North Sea Port falls by more than 11% in first half of year
12:07 ABB teams up with Yinson on offshore oil and gas project in Brazil
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10:42 The CMA CGM Group commits to fight illicit trafficking in protected species and tightens its shipment control procedures
10:10 Unifeeder contracts We4Sea for fleetwide vessel performance monitoring
09:38 MABUX: Bunker market this morning, July 09
09:29 Oil market sees mixed price movements
09:13 Baltic Dry Index as of July 8

2020 July 8

18:11 Carnival Cruise Line sets ship delivery changes and related deployment plans
17:50 POWERGLOBE seeks for 10 years LNG vessel charter-agreement
17:27 Maritime partners unveil Autonomous Guard Vessel
17:03 THE Alliance announces COVID-19 response measures for August 2020
16:48 SaR operation in Singapore: man overboard incident
16:20 Throughput of Rostov-on-Don port in 6M’2020 grew by 10% Y-o-Y
16:13 Maritime industry calls for EU political leadership on seafarers
15:23 Port of Antwerp total throughput down by 4.9% in H1 2020
14:03 Wärtsilä introduces the system, designed to reliquefy boil-off gas onboard gas carriers and LNG bunker vessels
13:45 RF State Duna adopts a package of laws on privileges in the Arctic
13:12 PD Ports wins major pipeline contract with Global Manufacturer at Hartlepool
12:44 DCSA publishes standards for digital exchange of operational vessel schedules
12:18 Germany takes over HELCOM chairmanship
12:11 Seanergy Maritime announces agreement to acquire a Capesize vessel with prompt delivery
11:55 Russian Fishery Company fleet renewal to reduce carbon footprint by 50%
11:29 Pella Shipyard delivers patrol boat of Project 03160
11:04 Austal delivers first of two 118 metre trimarans to Fred. Olsen Express
10:43 Barcelona Cruise Port obtains the 'Safe Travels' Stamp, as safe infrastructures preventing COVID-19
10:32 Throughput of Rosterminalugol in HI’2020 grew by 10% YoY
10:04 ESPO says EU Taxonomy should align with already defined sectoral sustainability criteria
09:40 Oil prices continue decreasing
09:37 MABUX: Bunker market this morning, July 08
09:23 Bunker prices rose at the Port of Saint-Petersburg, Russia (graph)
09:08 Baltic Dry Index as of July 7

2020 July 7

18:06 ZIM unveils new digital services
17:49 Great Arctic Regatta started in Saint Petersburg