• 2018 February 14 15:17

    Sberbank and Sovcomflot conclude new USD 106 million project financing agreement

    Sberbank and Sovcomflot have signed a new USD 106 million project financing agreement, with a term of up to 14 years. According to Sovcomflot’s press release, the funds will finance the construction of a high ice class Arctic shuttle tanker (Arc7) for the Novy Port project, under a long-term agreement with Gazprom Neft.

    This is the third major transaction of its kind between Sberbank and Sovcomflot. The first joint project between the companies was in 2015, to finance the construction of three Arctic shuttle tankers to transport crude oil from the Novy Port field. That agreement set an important precedent for Russian domestic credit institutions, and was named “Deal of the Year” by the international publication Marine Money.

    Nikolay Kolesnikov, Executive Vice President and CFO of PAO Sovcomflot, noted: "We welcome the continuing development of our strategic partnership with Russia's leading banking group. Today, Sberbank is among the largest financial partners of Sovcomflot, which reflects the growing role of the Russian banking sector as a source of finance to the shipping industry. This financing agreement will enhance the Group's long-term liquidity position, and will enable us to meet the capital requirements of our current shipbuilding programme."

    Igor Bulantsev, Senior Vice President of Sberbank, Head of Sberbank CIB, said: "We are delighted that the mutually beneficial cooperation between Sovcomflot Group and PAO Sberbank is growing consistently, across a broad range of banking services. Investment in significant projects that fund the development of a modern infrastructure continues to be a priority for the Bank. We are positive about the prospects for lending to the shipbuilding industry and look forward to the continuation and further development of the relationship between our companies."

    SCF Press Office

    PAO Sberbank is the largest bank in Russia and one of the leading global financial institutions. Sberbank accounts for about a third of total assets of the Russian banking sector. Sberbank is a key lender to the national economy and has the largest share of the market for deposits. The founder and principal shareholder of PAO Sberbank is the Central Bank of the Russian Federation, which owns 50% of the share capital plus one voting share. The other 50% of the Bank's shares are owned by Russian and international investors.  Sberbank's services are used by more than 145 million customers in 21 countries around the world. The Bank has the most extensive branch network in Russia with about 15 thousand points of service. The international network of the Bank consists of subsidiary banks, branches and representative offices in the UK, the USA, the CIS, Central and Eastern Europe, India, China, Turkey and other countries. 
      
    The Bank holds the general banking licence No. 1481 issued by the Bank of Russia. 
    Official websites of the Bank: www.sberbank.com (Sberbank Group's website), www.sberbank.ru.

    PAO Sovcomflot (SCF Group) is one of the world's leading shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as servicing offshore upstream oil and gas installations and equipment. The Group’s fleet comprises 150 vessels with a total deadweight of over 13 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.

    The Group offers a wide range of vessels in the market segments most demanded by major Russian oil and gas companies. With its own technical development and unique approach to advanced technologies, Sovcomflot can meet the most demanding customer requirements, providing effective transportation for oil & gas companies.




2018 August 21

18:28 JMS-designed RV Virginia is launched, to be delivered to VIMS
18:11 UCL Ports’ Multipurpose Reloading Complex invests heavily in development
18:02 Railway to Sabetta to be built on a concession basis, regional official says
17:24 Ukrainian seaports see a 2.5% decline in Jan-Jul cargo volumes, to 73.9 million tonnes
17:12 Equinor extends contract with Prosafe for Safe Boreas
16:16 M/V RK-19 drydocking and refit begins at Delo Group’s Aleksino Port Marina Shiprepair Yard
16:12 V.Group launches project ‘Embark’ to transform crewing
15:31 Team Tankers reports Q2 net income of $4.4 million
15:11 MOL announces additional investment in PKT Logistics Group, Malaysia
14:47 Kenia Port Authority takes delivery of new 75bp tugboat Eugene
14:31 GasLog inks new charter agreements, orders LNG carrier duo
13:38 All-Russian Aquarobotech 2018 marine robotics competition kicks off in Vladivostok
13:08 Fangcun Port in China to close effective 1st October 2018
13:02 Ministry of Natural Resources offers to set up the NSR development project office
12:24 Far East ports bunker prices open the week on a bearish note
12:08 CMA CGM announces PSS from Asia, India, the Middle East and America to Nigeria
11:21 OSCE mission barred from access to the Russian flagged tanker detained in Kherson port
11:13 Wärtsilä to build Smart Technology Hub, next-generation innovation and production centre in Finland
11:08 MSC slows ships to help protect whales in U.S. waters
10:41 Baltic Dry Index adds 4 pts to 1727 points
10:28 Port of Long Beach box volume rose 11.3% in Jan-Jul to 4.64 million TEUs
10:17 Crude oil futures gain slightly to $72.23 in London and to $65.53 in New York
10:08 HELCOM publishes report on sewage port reception facilities in the Baltic Sea
09:29 Port of Los Angeles seven-month container volumes down 2.59% to 5.14 million TEUs
09:08 Port of Long Beach approves Toyota's Green Terminal makeover
08:26 Crowley successfully supports Appomattox platform tow-out in the U.S. Gulf

2018 August 20

18:26 Okskaya Sudoverf Shipyard delivers sixth serial oil barge BELMAX 6 of ROB20 design
18:06 Dan-Bunkering expands and merges with Australian company
17:36 Carbon Trust and Fistuca announce successful execution of offshore test of innovative new installation technology
17:26 Russian owners, operators stop shipping to Ukraine for fear of loosing cargo
17:09 ESL Shipping takes delivery of eco-friendly bulk carrier Haaga
17:05 Teekay LNG Partners mandates banks to arrange Fixed Income Investor Call
16:35 CMA CGM announces FAK rates from Asia to North Africa
16:05 Royal Wagenborg's m.v. Nassauborg discharges timber in Alexandria
15:30 CMA CGM announces FAK rates from Asia to the Mediterranean
15:02 Maersk and Vopak to launch 0,5% sulphur fuel bunkering facility in Rotterdam
14:48 SHI awarded contract for LNG carrier duo from Celsius Tankers
14:23 Spot market price for Russian M100 product ended last week higher at an average of RUB 18,212 / pmt
13:21 Baltic Shipyard loads heavyweight propulsion units onto the 60MW LK-60 nuclear-powered icebreaker URAL
13:11 APL's Eagle Express Service delivers X-factor in Los Angeles
12:13 Golden Ocean Group to equip its 16 Capsize vessels with scrubbers
12:10 ANL to implement Operational Cost Recovery Surcharge in Chittagong Port
11:07 Port of Vyborg volumes in first seven months rose 28% to 970,000 tonnes
10:57 Golden Ocean announces Q2 2018 results
10:17 Crude oil futures prices edge down to $71.61 in London, in New York to $64.95
10:03 Port of Everett breaks ground on $36 mln South Terminal Wharf Modernization Project
10:03 Baltic Dry Index gains to 1723 points
09:57 Chinese Blockchain Company Yuanben to protect the safety of global maritime freight data
09:36 Box traffic at busiest Chinese ports in Jan-Jul rose 4.1% to 5.36 billion tons
09:28 Port of Hong Kong seven-month box volumes drop 4.4% to 11,5 million TEUs
08:44 Kongsberg Maritime wins contracts for nine hybrid Ro-Ro vessels

2018 August 19

08:19 CMA CGM announces GRR from UAE to East Africa
08:14 Maersk Line introduces Peak Season Surcharge – Scope World to Apapa, Nigeria and Tin Can Island Port, Nigeria
08:12 CMA CGM announces GRR from India to East Africa
08:07 Maersk Line increases rates from Middle East & Indian sub-continent to North America

2018 August 18

08:03 Port of Oakland to build Seaport Logistics Complex
08:00 CMA CGM announces PSS from Europe, Scandinavia, Black Sea and West Med to Indian Ocean islands
07:57 CMA CGM announces FAK rates from Asia to North Europe
07:41 A.P. Møller - Mærsk A/S posts results for Q2 2018

2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal