• 2019 September 24 17:54

    Sergey Frank elected Chairman and Igor Tonkovidov appointed new CEO of Sovcomflot

    On 24 September 2019, the Board of Directors of PAO Sovcomflot elected Sergey Frank as its new Chairman. Igor Tonkovidov was appointed as the Company’s new Chief Executive Officer. Both appointments are with immediate effect, Sovcomflot says in a press release.

    The meeting was attended by Maxim Akimov, Deputy Prime Minister of Russia, who noted in his address:

    “Through consistent implementation of Sovcomflot’s Strategies 2005-2011 and 2012-2018, the Company has transformed itself into a global leader in energy shipping and offshore services. Over the past 15 years, Sovcomflot fleet has grown more than threefold. The Company has developed and implemented a number of advanced technical solutions within the global shipping industry and built a best-in-class operating platform, making Sovcomflot a reliable maritime partner for Russian offshore projects and delivering Russia’s commitment to the Paris Agreement. The shareholder believes that Sovcomflot’s expertise should be used to further develop the Russian Arctic and new projects both in Russia and overseas.”

    Mr Akimov said that the Russian maritime sector faces a massive challenge to increase significantly the volume of cargo transported along the Northern Sea Route, with LNG shipments – one of Sovcomflot’s areas of specialisation – accounting for more than a half of the anticipated cargo volume.

    “The effective implementation of long-term, capital-intensive transportation solutions for oil and gas projects requires the development of a fundamentally new relationship between all major stakeholders, including transport providers, oil and gas companies, financial institutions, shipbuilders, and other organisations. A blueprint for such an operating model was established this year with Sovcomflot to facilitate the future safe deliveries of Russian LNG to the global market. Establishing alliances of this scale, as well as responding to other challenges facing the global maritime industry, will require the ongoing attention and support of the Board of Directors,” said Mr Akimov.

    Mr Akimov continued: “Given the scale of challenges and opportunities facing Sovcomflot, the shareholder will further support the role of the Board of Directors in strategic planning beyond 2025. The shareholder has recommended that Sergey Frank be elected as the new Chairman of Sovcomflot’s Board of Directors, with Igor Tonkovidov appointed as the Company’s new Chief Executive Officer, which was fully endorsed by the Board.”

    Sergey Frank, Chairman of the Board of Directors, highlighted that amongst the Company’s most notable achievements of recent years has been its increase in scale and development of its unique expertise and competences. The Company has successfully deployed cutting-edge technologies, implemented innovative technical solutions, and reshaped its business model around project-based industrial shipping. The Company’s contracted future revenues now exceed USD 8.0 billion. These results have only been possible due to effective cooperation with our clients, for which I am extremely grateful, as well as for the professional excellence and dedication of Sovcomflot’s employees both at sea and ashore,” said Mr Frank.

    “Given the profound transformation that the global maritime industry is undergoing, the remit of the Board of Directors will extend to ensure that Sovcomflot is well prepared to handle the new challenges and opportunities such a transformation brings. This includes the fast-track integration of digital technology into business processes, continual compliance with ever tightening environmental regulations, recruiting and training the next generation of Sovcomflot’s leaders. The Board will closely oversee certain projects, transactions and initiatives of strategic importance to Sovcomflot’s future sustainable development,” added Mr Frank.

    Igor Tonkovidov, Chief Executive Officer of PAO Sovcomflot, emphasised that he sees the full-scale implementation of the plans and projects within the Company’s Strategy 2025 as a top priority.

    Sovcomflot will continue to upgrade its fleet, with a focus on further enhancing its operational efficiency, to meet our customers’ needs. We will continue to pay strong attention to the quality of our fleet management, the reduction of the human-induced impact of maritime operations on the environment, issues related to the training and staffing of our vessels with qualified personnel, and further enhancing the wellbeing of our employees. With the shareholder’s support, this course of action will allow Sovcomflot to consolidate its leadership position in the global shipping market,” said Mr Tonkovidov.

    Sergey Frank was born in Novosibirsk in 1960.

    Mr Frank graduated with distinction from the Faculty of Navigation of the Admiral Nevelskoy Far Eastern High Engineering Maritime College in 1983 (now Admiral Nevelskoy Maritime State University), from the commercial school of the All-Union Academy of International Trade in 1989, and from the Faculty of Law of the Far Eastern Federal University in 1995. He holds a PhD degree in Technical Sciences.

    Mr Frank became President and Chief Executive Officer, Chairman of the Management Board and a member of the Board of Directors of PAO Sovcomflot in October 2004. Earlier in his career, between 1989 and 1995, he worked for the Far Eastern Shipping Company; the last position held there was being Deputy Director General for Business and Finance. From 1995, he held a senior position in the Ministry of Transport of the Russian Federation and later served as Minister of Transport between 1998 and 2004.

    Mr Frank is the recipient of a number of national, government and industry awards.

    Igor Tonkovidov was born in Khabarovsk in 1964.

    Mr Tonkovidov graduated from the Odessa Institute of Marine Engineers with a degree in Mechanical Engineering in 1986. In 2001, he graduated from the University of London, UK, with a degree in Financial Management, and in 2018 he completed the AVIRA educational programme for senior executives at INSEAD Business School, France.

    Mr Tonkovidov has served as Executive Vice President, Chief Technical Officer of PAO Sovcomflot since December 2012, while also being a member of the Management Board of the Company. Earlier, between 2008 and 2012, he was Vice-President for Fleet Operations and then President of Novorossiysk Shipping Company (Novoship - a subsidiary of Sovcomflot). Between 2006 and 2008, Mr Tonkovidov was Director of Volga-Baltic Company and between 2003 and 2006, he was Technical Director of Volga Shipping Company. Between 1994 and 2003, he served in various divisions of the Sovcomflot Group.

    Mr Tonkovidov is the recipient of a number of national, government and industry awards.

    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.




2020 October 28

18:15 Sri Lanka's East Container Terminal inaugurates for operations
17:51 Tallink Grupp makes temporary changes to Tallinn-Helsinki route schedule from 29 October 2020
17:30 Key element of Russia’s collider facility NICA transshipped in Bronka
17:06 GONDAN delivers new fishing stern trawler to Prestfjord AS
16:39 Rosmorrechflot resumes work on programme for encouraging LNG-powered shipping
16:13 Cavotec launches next generation MoorMaster
16:05 CNL awarded Transport Canada contract to research clean energy technologies to decarbonize marine sector
15:48 Profit attributable to NOVATEK shareholders amounted to RUB 24.1 billion in 9M’2020
15:25 Petersburg Oil Terminal increased shipments of oil products by 18% in 9M'2020
15:03 World’s first LPG-retrofit announced
14:56 SCF time charters three icebreaking LNG carriers to the Arctic LNG 2 project
14:22 FSUE Rosmorport to adjust design documentation for dredging at LNG terminal in Bechevinskaya bay
14:03 LNG-fueled PCTC“SAKURA LEADER” accredited as the world's first digital smart ship
13:37 Blue Wave terminal in Azov port increased its throughput by 13% in 9M’2020
13:11 Cooperation agreement signed between Fincantieri and the Cochin Shipyard
12:35 LNG bunkering vessel Optimus built by Damen arrived in Shanghai for start-up procedures and sea trials
12:04 CMA CGM announces PSS for cargo from Pakistan to North Europe
11:42 Global Ports to launch tank container repairs service at Yanino
11:23 MPA launches RFP for new LNG bunker supplier licence
11:01 4th “LNG Fleet, LNG Bunkering and Alternatives” conference kicked off
10:50 CMIT receives largest container vessel in Vietnam’s history
10:15 “All Ferries of Russia. Baltic Sea” webinar scheduled for 6 November 2020
10:10 Total charters four new LNG-powered vessels
10:01 MABUX: Bunker Market this morning, Oct 28
09:59 CMA CGM announces FAK rates from Asia to North Europe
09:46 Bunker market sees mixed price movements in the Port of Saint-Petersburg, Russia (graph)
09:28 Oil prices start decreasing
09:13 Baltic Dry Index as of October 27

2020 October 27

18:37 Bahri net profit up 114% in third quarter of 2020
18:07 Premuda and Columbia Shipmanagement form joint venture
17:52 Publication of first N2000 nautical charts postponed to 2021
17:45 Deep water berth extension at Port of Halifax fully operational
17:37 SC Ports welcomes two new ship-to-shore cranes
17:30 FSUE Rosmorport to take part in 4th “LNG Fleet, LNG Bunkering and Alternatives” conference
17:06 Costa Cruises completes first LNG bunkering operation in Italy
16:24 OOCL updates North Europe – Turkey service
15:33 New tanks for storage and processing of polluted water have been put into operation in the port of Riga
15:04 Norway's biggest ferry company orders two new ferries from Havyard LAB
14:10 Port of Gothenburg posts results for January-September 2020
14:06 Krasniye Barrikady launched non-self-propelled cargo pontoon of Project GPRN
13:21 Wärtsilä cargo handling system design selected for new Very Large Ethane Carrier vessels
12:52 Bunker prices are stable in the Far East ports of Russia (graph)
12:27 BlueWater Reporting issues Q3 2020 World Liner Supply Report
12:09 HEINEKEN pioneers with zero-emission shipping
11:58 COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally
11:03 Sea Port of Saint-Petersburg continues automation of railcars weighing
10:38 RF Government to look into development of national project focused on IWW
10:09 CMA CGM announces PSS for cargo from India North West ports to Europe
09:45 MABUX: Bunker Market this morning, Oct 27
09:40 Strategy for Developing the Russian Arctic Zone and Ensuring National Security until 2035 approved
09:22 Oil prices are recovering
09:07 Baltic Dry Index as of October 27

2020 October 26

18:03 Shipping emissions talks stall in London
18:03 Port of Klaipeda to get funds for sustainable development and digitization of the port’ management
17:42 34.6 million tonnes loaded in the Port of Klaipeda in 9 months of this year
16:58 Innovative solutions of MAPEI are increasingly widespread in shipbuilding
16:34 Kalmar continues long-term collaboration with Patrick Terminals with new order for AutoStrads
16:10 Average spot market price for Russian M100 product rose to RUB 12,430 pmt
15:46 Royal IHC and Suez Canal Authority successfully launch CSD HUSSEIN TANTAWY
15:34 EPS secures 15-year TC from STL for four dual fuel VLECs