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Bestobell Secures Another Marine Order
Bestobell Marine has secured an order for its cryogenic globe and check valves for the second LNG carrier in the Yamal series of vessels being built at DSME shipyard in South Korea. After winning the contract to supply cryogenic valves to the first vessel that will be owned and operated by Russian company Sovcomflot, the company proved it had the expertise and capabilities to supply the second Yamal vessel, which will be owned and operated by Japanese shipping company Mitsui O.S.K. Lines (MOL).
Sanctioned Shipyard Hopes for Icebreaker Deals
On a sunny day on the Helsinki seafront, sparks fly from steel welding at the bustling Arctech shipyard, which seems insulated from Finland's economic recession…
Strong Returns for Sovcomflot
Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months.
JV for 3D seismic in Arctic
Paris-listed seismic giant CGG and Russia's largest shipowner, SCF Group (Sovcomflot), have formally registered a joint-venture company focused on coldwater surveys, reports Interfax.
Sovcomflot’s New LNG Carrier Named
A naming ceremony was held on April 9, 2015 in South Korea for SCF Mitre, the fourth vessel in a series of state-of-the-art Atlanticmax-type LNG carriers built for Sovcomflot (SCF Group). The vessel, as with her sistership SCF Melampus that joined SCF Group’s fleet in January 2015, will be operated under a long-term time charter to Royal Dutch Shell. A series of Atlanticmax-type LNG carriers have been constructed under a joint project developed by Sovcomflot and STX Offshore & Shipbuilding.
New Arctic Tanker Class Builds Underway
Construction has begun on a new series comprising six Arctic shuttle oil carriers (project 42K Arctic Shuttle Tanker) in South Korea. The steel cutting ceremony for the first ship was held on April 1…
Grand Elena's Hundredth Voyage
The gas tanker Grand Elena, jointly owned by PAO Sovcomflot and the Japanese company NYK, has embarked on her hundredth voyage from the port of Prigorodnoye in Russia to Japan.
Icebreaker Murmansk Launched at Arctech Helsinki Shipyard
The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was given…
Sovcomflot, RS Partner to Bolster Russian Fleet
Sovcomflot (SCF Group) and Russian Maritime Register of Shipping (RS) have taken steps to make the Russian fleet more competitive. In 2014, 10 SCF Group vessels were transferred to the RS class…
Arctech Helsinki Shipyard to Russian Ownership
Arctech Helsinki Shipyard is now 100 percent Russian-owned as United Shipbuilding Corporation bought the remaining half of the company’s shares from STX Finland Oy. Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50 percent of the shipyard shares from STX Finland, a subsidiary of the Korean-owned STX Europe. The joint venture was established…
Sovcomflot Names New LNG Carrier
Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell. On December 16, a naming ceremony was held for the LNG carrier SCF Melampus, the third tanker in a series of state-of-the-art vessels to be built under a partnership agreement between Sovcomflot and the shipyard STX Offshore & Shipbuilding.
Sovcomflot Concludes $319 mi 10-year Loan
OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent. The funds will…
Production Begins on Sovcomflot’s New MPSV
The production of the icebreaking multipurpose supply vessel for Sovcomflot was started with steel cutting on November 26, 2014. The ceremony took place at Vyborg Shipyard…
OAO Sovcomflot’s 9M/Q3 2014 Results
OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014. n.a. Commenting on the results, Sergey Frank…
Sanctions Bite Russian Arctic Oil Shippers
Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the delivery of oil technology, goods and services, aiming to make it impossible for Moscow to access new oil sources.
SHI Wins Order for Arctic Shuttle Tankers
Samsung Heavy Industries won an order amounting to USD 440 Million for Three Arctic Shuttle Tankers from a European shipper. According to sources the order is from…
Yamal LNG: Steel Cut for First Arctic Gas Carrier
Construction of an Arctic gas carrier for OAO Sovcomflot has begun under the survey of Russian Maritime Register of Shipping (RS).The ship is being built as part of Yamal LNG…
Steel Cut for Yamal LNG Project’s Lead Tanker
A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project. The prototype vessel will be operated under a long-term time charter between OAO Sovcomflot and JSC Yamal LNG. The steel-cutting ceremony, marking the formal start of a ship’s construction process, took place at the Daewoo Shipbuilding and Marine Engineering Co., Ltd.
New LNG Carrier Bunkers in Russia
Gazprom Marketing & Trading’s (GM&T) says that its newly delivered LNG carrier “Pskov” has received bunkers (Heavy Fuel Oil and Marine Gas Oil) at the port of Nakhodka…
Russia's Shipping Major Reports Strong 1H 2014
OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial…
