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Sovcomflot Profits slip
Reviewing the company’s financial and operating results for the first half year ended 30 June 2016, on 23 August 2016, the Executive Board of PAO Sovcomflot (“SCF…
Parker to Supply Three Arctic Vessels
Parker Bestobell Marine, a supplier of cryogenic valves and part of Parker, a leader in motion and control technologies, has received a major new order from DSME (Daewoo Shipbuilding & Marine Engineering) in South Korea to supply cryogenic valves for three new vessels. The company’s valves will be used in the cargo handling systems, including the main discharge line that controls the initial flow of LNG from the cargo tanks when pumping starts.
Long Beach Awards Sovcomflot for Green Shipping
PAO Sovcomflot earned the Green Environmental Achievement Award from California's Port of Long Beach, recognizing the shipper for its ongoing commitment to environmental stewardship. The company was awarded for its fleet performance by the Port of Long Beach Green Flag Program in 2015. This voluntary program was set up to reduce the atmospheric emissions of vessels by encouraging ships to slow down when approaching the port.
Sovcomflot Buys Nine PRISCO Tankers
Russia’s PAO Sovcomflot (SCF Group) subsidiary SCF Tankers Ltd. has won an auction for nine arctic-going tankers that belonged Primorsk International Shipping Ltd.
Icebreaker Launched for Sovcomflot
On June 30, 2016 a new icebreaking supply vessel (IBSV) was launched for Sovcomflot as part of a long-term agreement with Sakhalin Energy. Due to be delivered in the fourth quarter of 2016…
SCF Group Secures Funds for New Arctic LNG Tanker
PAO Sovcomflot (SCF Group) and VTB Bank have signed a $260 million 13-year loan agreement, providing financing of construction of an Arctic liquefied natural gas…
Sovcomflot Revises Pricing on USD 7-year Bond
Russian shipping company Sovcomflot has cut the yield on its seven-year U.S. dollar bond to 5.375 percent - 5.5 percent, according to a lead. The notes will price within that range.
DSME, Sovcomflot Delay Delivery of First Arctic LNG carrier
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and Sovcomflot have agreed to delay a liquefied natural gas carrier being built for the Yamal LNG project in Russia.
Sovcomflot IPO Soon
The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer. Economy…
SCF's Profit Zoom Fourfold
SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1…
Yamal LNG Bags Contract for 96% output
The Yamal LNG project has signed contracts for the sale of 96% of liquefied natural gas (LNG) it produces, Tass news agency reported, citing Evgeny Kot, head of Yamal LNG.
Sovcomflot IPO Expected in Q3 2016
The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO…
Yamal Project’s First Ice-going LNG Carrier Launched
The first of 15 ice-going LNG carriers for the Yamal project has been launched and is set to sail the arctic waters from Siberia to Europe and Asia. Built by Daewoo Shipbuilding and Marine Engineering (DSME) in its Okpo South Korea yard, the new vessel, SCF Yamal, features three azimuthing thrusters from ABB and has been labeled the world’s most powerful LNG carrier. Booked in the first quarter of 2014…
Daewoo's World's First Icebreaking LNG Carrier for Russia Launched
Daewoo Shipbuilding and Marine Engineering (DSME) launched on Friday the world’s first icebreaking liquefied natural gas (LNG) carrier at its Okpo shipyard in Geoje, South Gyeongsang.
Sovcomflot Group, Sberbank CIB Sign Credit Facility Agreement
Sovcomflot Group and Sberbank CIB have signed a 14-year $340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the…
PAO Sovcomflot Lays Keel for New Supply Vessel
Arctech Helsinki Shipyards Oy (part of United Shipbuilding Corporation) held a keel laying ceremony last week (17 December) for a new icebreaking platform supply vessel ordered by PAO Sovcomflot under a long-term agreement with Sakhalin Energy. Originally signed in April 2014 following an international tender held by Sakhalin Energy, the agreement provides for the operation of one multifunctional icebreaking…
Sovcomflot Completes IT Integration Project
PAO Sovcomflot (“SCF Group”), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, announced the completion…
Arctech Lays Keel for Icebreaking Offshore Vessel
Construction on the hull of an icebreaking multipurpose supply vessel for Sovcomflot began today at the Arctech Helsinki shipyard with a keel laying ceremony. The…
Keel Laid for Lead Ship of Arctic Tanker Series
A keel laying ceremony was held Monday at Korea’s Samsung Heavy Industries Co., Ltd. for the first of six ships in the project 42К Arctic Shuttle Tanker series. The six tankers in the series will be named after the famous Russian explorers of the Arctic, including participants to the Great Northern Expedition of the 18th century. The ships are being built to the dual Russian Maritime Register of Shipping / Lloyd’s Register class.
Bureau Veritas/Russian Register to Class Yamal LNG Carriers
Exporting LNG from Yamal in Russia’s high Arctic calls for a special type of LNG carrier never built before. The new series of 15 Arctic-capable LNG carriers to be built in Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) shipyard, each capable of transporting 172,000 cu m of LNG and operating in second year ice up to 2.5 meters thick, will be built to dual Bureau Veritas/Russian Register class.
