• 2020 April 14 17:52

    SCF Group wins Marine Money’s 2019 Deal of the Year Award in the ‘Project Financing’ category

    Sovcomflot (SCF Group) says it has received the ‘Project Financing Deal of the Year Award’ at the 2019 Deal of the Year Awards staged by Marine Money, an international maritime finance publication.

    The award-winning transaction was an eight-year USD 176 million non-recourse credit facility, concluded by SCF Group’s and NYK Line’s joint ventures, with three banks: Sumitomo Mitsui Banking Corporation of Japan; Société Générale of France, and Shinsei Bank of Japan, in September 2019.

    The facility was used towards refinancing two ice-class LNG carriers servicing the Sakhalin-2 project, Grand Aniva and her sister ship Grand Elena, which are jointly owned and operated by SCF Group and NYK Line.

    Nikolay Kolesnikov, Executive Vice President & Chief Financial Officer of Sovcomflot, said:

    “SCF Group is honoured to be the recipient of Marine Money awards for the tenth consecutive year. We see this award as a tribute to SCF Group’s ability to conclude novel and sizeable credit facilities, and to retain access to a wide variety of financing sources and structures, at every stage of the shipping market cycle.”  

    Marine Money highlighted the non-recourse structure of the deal, which reflects Sovcomflot’s and NYK’s first-class reputation within the international financial markets, and the strength of the cash flows from the long-term time-charter contracts with Sakhalin Energy, the operator of the Sakhalin-2 project.

    In addition, the timing of the deal allowed the borrowers to arrange the credit facility at an historically low interest rate.

    Also of prime importance was the environmental element of the deal. This financing facility became one of the first of its kind, within the global shipping industry, to integrate provisions that enable lenders to comply with the Poseidon Principles, an initiative by leading banks that promotes environmentally responsible shipping. It commits the signatory banks to assess the environmental impact of the vessels they finance, and to disclose the climate alignment of their ship finance portfolios. The Poseidon Principles are consistent with the decarbonisation policies and ambitions of the International Maritime Organisation (IMO).

    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 production. The Group’s fleet includes 146 vessels with a total deadweight of 12.6 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.

    SCF Group continually looks to reduce the environmental impact of its operations. In 2018, the Group pioneered the adoption of cleaner-burning LNG fuel as a primary fuel for large-capacity tanker shipping, and in general, for vessels not tied to fixed routes and set timetables.

    The global professional community has recognised Sovcomflot’s accomplishments in decarbonisation on numerous occasions over the last years. This includes the Company receiving the Environmental Award – Individual Company at Lloyd’s List Global Awards 2018 and Company of the Year Award at Lloyd’s List Europe Awards 2019. Gagarin Prospect, the inaugural vessel in the SCF’s pioneering ‘Green Funnel’ series of LNG-fuelled crude oil tankers, won the 2019 Marine Propulsion Award for Ship of the Year and the Nor-Shipping Next Generation Ship Award.




2021 January 17

12:16 OOCL presents 2021 Ocean Alliance products
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2021 January 16

15:39 New ship Silver Dawn floats out in Ancona.
14:31 Signing of MoU in relation to 2 units of 250 feet crane barges
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2021 January 15

18:15 Organic fertilizers and biogas from biowaste in the Helsinki region – commercial use of the Lohja biogas plant started up
18:04 New Speakers and Sponsors announced for Unmanned Maritime Systems Technology virtual conference
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17:38 Diana Shipping announces increase in tender offer price for its shares of common stock and extension of expiration date
17:29 OCEAN Alliance Day 5 Product signing ceremony
17:08 i4 Insight partner with FNT to integrate Condition Monitoring service
17:06 Throughput of Rostov-on-Don port in 2020 grew by 13% Y-o-Y
17:03 The effects of the coronavirus epidemic prevention regulations on Finnlines passenger traffic
16:42 Launching of Viking Glory slated for Jan 26
16:28 Carisbrooke Shipping and SMT Shipping partner with Nautilus Labs for collaboration to optimize fleet performance
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15:17 USCG cutter Joseph Gerczak to increase maritime presence in Pacific
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14:22 Zvezda Shipyard starts cutting steel for third MR product carrier
13:57 Bunkering of a new-generation LNG-powered container ships begins in Rotterdam
13:26 Holland America Line opens bookings for Europe 2022 cruises - four ships span the region on itineraries ranging from 7 to 21 days
13:08 SCF takes delivery of new LNG carrier to expand long-standing partnership with Shell
12:49 Anatoly Meshcheryakov appointed as Director of Transport Department
12:34 BW Offshore: Incident on FPSO Espoir Ivoirien
11:21 Sakura Kuma named as new managing director of APM Terminals Japan
10:56 Turnover of DeloPorts terminals grew by 36% in 2020
10:32 MABUX: Bunker market this morning, Jan 15, 2021
10:04 Jinling hands over Grimaldi Group’s second GG5G Class hybrid ro-ro
09:57 Biggest Dutch project for CO2 reduction, Porthos, is on schedule
09:55 Bunker prices show no significant changes at the Port of Saint-Petersburg, Russia (graph)
09:34 Crude oil prices continue decreasing in expectation of COVID-19 related lockdowns to affect the demand
09:19 Baltic Dry Index as of January 14

2021 January 14

18:25 Throughput of Russian seaports in 2020 fell by 2.3% Y-o-Y
18:03 Torvald Klaveness First Steamship joins Baumarine by MaruKlav
17:48 Exports of Transneft oil via seaports fell by 21.3%
17:31 Wärtsilä SmartMove Suite sets sail with the American Steamship Company
16:47 Marine Administration of the Russian Federation extends validity of seafarers’ documents
16:23 CMA CGM announces Empty Equipment Imbalance Surcharge for cargo from North Europe, United Kingdom, Baltic States, Scandinavia & Russia to Nigeria
16:18 Bunker Outlook, Jan 14, 2020
16:03 Contecon Manzanillo caps off 2020 with 1M TEU milestone
15:55 Enhanced requirements for shore-based personnel boarding vessels in the Port of Singapore
15:41 Dredging fleet of Rosmorport’s Astrakhan branch expanded with dredging convoy
15:23 Equinor selected for largest-ever US offshore wind award
15:03 Konecranes makes first UK installation of S-series crane
14:44 Bunker prices increased in the Far East ports of Russia (graph)
14:22 Abu Dhabi Ports to provide container transportation services between Musaffah-based facility and Khalifa Port
14:03 North Sea Port feels reports 63.5 million tons of cargo transhipment from maritime shipping in 2020
13:40 Port of Riga saw cargo structure changes in 2020
13:23 Kalmar’s straddle carrier technology to enhance operational capabilities at Iles de la Réunion
13:21 Port Houston annual container volumes near record in December 2020
12:48 Throughput of Sovetskaya Gavan port surged by 83% in 2020
12:04 Portuguese and Greek Prime Ministers visit European Maritime Safety Agency
11:59 Port of Oakland loaded imports up 11 percent in Dec. 2020
10:47 Year 2020 ended with 6.6 million tons of various cargo handled by Port of Liepaya
10:20 MABUX: Bunker market this morning, Jan 14, 2021
10:19 PGNiG received its fourth LNG delivery in Klaipėda