• 2018 February 21 10:46

    Sovcomflot and Shell ink time-charter agreements for Aframax LNG-powered duo

    SCF Group (PAO Sovcomflot) has signed time-charter agreements with Shell for two dual-fuelled Aframax tankers, which mark a historic turning point that sets new environmental standards for the global tanker industry, the Group said Tuesday in a press release.

    At a ceremony held today during International Petroleum Week in London, the time charter agreements were signed by Evgeny Ambrosov, Senior Executive Vice-President of SCF Group, and Mark Quartermain, Vice-President of Crude Trading for Shell.

    The vessels are part of a series of six SCF Group tankers currently under construction and due for delivery between Q3 2018 and Q1 2019. The two tankers will be on time charter to Shell for up to 10 years, with a minimum commitment of five years. This “Green Funnel” series of ice class 114,000 deadweight LNG-powered Aframax tankers will operate within Shell’s extensive global freight trading network.

    The vessels will also use Shell’s specialised LNG bunker vessels, such as the Cardissa, for fuelling in North West Europe. Shell will provide further supply points across North West Europe and the Baltic as it expands its LNG fuelling infrastructure.

    The signed agreements represent the next step in an extensive top-to-bottom collaboration between SCF Group and Shell over the last three years around reducing the environmental footprint of the tanker industry, in particular, by fuelling tankers with LNG. The new contracts follow the ground-breaking LNG Fuel Supply Agreement between Shell and Sovcomflot concluded in 2017, which pioneered the expansion of Marine LNG fuelling into the tanker industry and, in general, for vessels not tied to fixed routes or set timetables.
     
    In concluding these contracts, both SCF Group and Shell seek not only the safe and economically efficient transportation of oil by sea but also look to improve the emissions footprint of such shipments by exceeding, rather simply complying with, ECA zone emission regulations on carbon, sulphur, nitrous oxide and particulates pollution output from their vessels.  

    Each tanker will have an ice class 1A hull, enabling year-round export operations from the Baltic. The technical specifications for these new vessels have been developed by SCF Group’s own engineering centre, with the close involvement of Hyundai Heavy Industries, the world’s leader in Aframax construction, and Russian shipbuilders (Zvezda shipbuilding complex, Primorsk region). Their design draws upon the Group’s significant experience of operating large-capacity tankers under adverse climatic and ice conditions of the Arctic and sub-Arctic seas, as well as the Baltic.

    Total carbon emissions using LNG fuel can be reduced by 27 per cent, with sulphur emissions reduced by 100 per cent, nitrous oxide emissions down 85 per cent and particulate matter emissions reduced by 100 per cent. The vessels’ main engines, auxiliaries, and boilers will be dual fuel, capable of using LNG, and the vessels will also be fitted with Selective Catalytic Reduction (SCR) technology to comply with Tier III regulations governing NOx emissions when in gasoil fuel mode.

    Commenting on the signing Evgeny Ambrosov, Senior Executive Vice-President of SCF Group, said:

    “Together, SCF Group and Shell are leading the development and adoption of LNG as a fuel within the tanker industry, committed to significantly reducing the environmental footprint of energy shipping. After proper experience of operating LNG-fuelled vessels, SCF Group will share its feedback on their performance with Zvezda shipbuilding complex, a Russian facility that is envisaged to commence the domestic construction of such large-capacity LNG-fuelled tankers by 2021. At SCF Group we have a strong sense of pride that Shell has chosen to partner with us in creating LNG-fuelled Aframax tankers.”

    Mark Quartermain, Vice-President, Shell Crude Trading, said:

    “LNG fuel will play a fundamental role in the future energy mix. Chartering and fuelling these vessels highlights Shell’s commitment to LNG as emissions standards tighten. We look forward to continuing to build upon our strong relationship with SCF to support our trading operations in key areas.”

    About SCF Group
    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 June 19

13:02 Rijkswaterstaat awarded Van Oord the contract to dredge Marker Wadden channel
12:32 MOL to make full-scale move into subsea support vessel business by acquiring stake in AKOFS of Norway
12:28 HELCOM Heads of Delegation approve Baltic Sea Action Plan update process and welcome new HELCOM Chair
12:02 Bunker prices continue growing at the Far East ports of Russia (graph)
11:37 Damen and Saab announce partnership to participate on the tender for the Tamandaré Class Corvette
11:34 Saturnus, first vessel in the Evolution series, launched at AVIC
11:09 Marine Technics and Alexeev’s Hydrofoil Design Bureau extend joint projects
10:45 Arctia appoints Senior Vice President for Offshore and Marine Services
10:23 Brent Crude futures price down 0.64% to $74.86, Light Sweet Crude – down 0.62% to $65.28
10:01 Small missile ships of RF Navy’s Caspian Flotilla sail from Sevastopol to Mediterranean Sea
09:40 Rescuers of RF Navy’s Northern Fleet train in rendering assistance to submarine in Kola Bay
09:16 Baltic Dry Index up to 1,442 points

2018 June 18

18:12 Azerbaijan Caspian Shipping Company takes part in TransCaspian/Translogistica 2018
17:57 Legislative amendment promotes automatisation tests in maritime transport with regard to manning and watchkeeping
17:35 First major forum on the new Silk Road organised by the Port of Marseille Fos
17:05 Aker Solutions teams up with SAP for next steps in digitalizing its business
16:45 HMM signs Letter of Intent for its mega containership orders
16:24 Victor Olersky handed in his resignation notice
16:18 European Council extends sanctions on Crimea and Sevastopol for another year
16:05 DryShips announces agreements to sell two older Panamaxes
15:40 Tuapse Commercial Seaport elected seven BoD members
15:33 Poland holds World Maritime Day Parallel Event
15:13 IMO member states must progress on key sulphur cap issues at critical meeting in July
14:59 Average wholesale prices for М-100 HFO down to RUB 17,923 in RF spot market
14:13 Navios Maritime Containers announces acquisition of five containerships and options to acquire four additional containerships
13:35 Maersk launches a new line to the Middle East from Fos
13:00 Aker Arctic demonstrates autonomous vessel in model tests
12:36 ABB to improve Edda Fides floating hotel safety with leading digital technology
11:47 Freeport of Riga Authority and Port of Rotterdam Authority sign cooperation agreement
11:24 Port of Tallinn signs MoU with the City of Tallinn for development of the Old City Harbour area
11:01 Dorian LPG Board declines BW LPG'S unsolicited proposal
10:25 Brent Crude futures price down 0.76% to $72.88, Light Sweet Crude – down 1.73% to $63.73
10:12 Capital Product Partners L.P. announces new period charters for four of its product tankers
10:03 Port of Silloth invests £250,000 in new solar farm on Marshall Dock
09:41 Fishers fatalities give impetus to fishing vessel safety work
09:18 Baltic Dry Index up to 1,445 points

2018 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18