• 2018 September 20 17:54

    Sovcomflot participates in Eastern Economic Forum’s business programme

    On 11-13 September 2018 a delegation from PAO Sovcomflot, headed by Sergey Frank, CEO and Chairman of the company's Executive Board, took part in the 4th Eastern Economic Forum, that is traditionally held in Vladivostok. The company's delegation included Evgeny Ambrosov, First Deputy CEO, and Igor Tonkovidov, First Deputy CEO – Chief Engineer of PAO Sovcomflot

    Accordig to the press release of Sovcoflot, the company signed a range of important agreements during the Forum's activities. On 11 September, a set of agreements were signed with Rosneft, Zvezda Shipbuilding Complex and VEB Group. The agreements include placing orders with SSK Zvezda for a series of two large-capacity LNG-powered Aframax tankers, with the support of VEB-Leasing to finance the construction of the tankers, with a subsequent long-term time charter for these vessels agreed with Rosneft. On 12 September, Sovcomflot, Vnesheconombank and VEB Leasing entered into a cooperation agreement. On the same day, SCF and the Russian Ministry of Natural Resources and the Environment signed an agreement to develop long-term cooperation to ensure the environmental safety and preservation of the natural environment of the Russian Arctic. 

    On 12 September, Sergey Frank delivered a report at the EEF session "New Energy Markets: The Far Eastern Vector". The event was attended by: Alexander Novak, Minister of Energy of the Russian Federation; Shu Yibiao, Chairman of the Executive Board of the State Grid Corporation of China; Tetsuhiro Hosono, Chairman, Chief Executive Officer of Japan Oil, Gas and Metals National Corporation; Alexander Medvedev, Deputy Chairman of the Management Board of PAO Gazprom, and Lev Feodosyev, First Deputy Chairman of the Management Board of NOVATEK. 

    In his report, the head of Sovcomflot noted that the topic of development of new energy markets, amongst the countries of the Asia-Pacific region, is particularly acute considering that these countries are the main drivers of global economic growth in the 21 century and the main energy consumers. "The development of energy markets in the countries of the Asia-Pacific region is a powerful incentive for the exploration of new routes of energy delivery to the region, including the Ice Silk Road, much of which is the waters of the Northern Sea Route. This will turn the Russian Far East into one of the world's most important logistics hubs", noted Sergey Frank. 

    The expansion of freight along the new route sets new large-scale challenges for shipping companies and shippers. Increasing traffic along the Northern Sea Route requires: the application of state-of-the-art technologies; further improvement to the regulatory framework; the development of new forms of transport; the interaction of oil and gas production companies and close international cooperation amongst professionals. Sergey Frank recalled that Sovcomflot has developed great shipping expertise in challenging ice conditions. Since 2006 until now, the company's vessels have safely transported over 226 million tonnes of oil and 19 million tonnes of LNG from marine and offshore terminals of the Okhotsk, Barents, Pechora and Kara Seas, the bulk of which was delivered to the Asia-Pacific countries. "Logistics has to be not only viable commercially but also provided with the most advanced and environmentally sound technologies", stressed Sergey Frank. An indispensable factor of successful operation in the Arctic and Subarctic seas is the professionalism and experience of shipboard personnel. "Large-scale projects in the Arctic and the sophistication of modern marine facilities impose enhanced requirements for well trained, highly qualified personnel", said SCF’s President & CEO. The Russian Far East plays a significant role in this field. This region is also one of the leading educational centres for the Russian maritime industry, and a source of skilled maritime workers for work in the eastern sector of the Arctic. Sovcomflot's vessels service oil and gas projects on the Sakhalin shelf – Sakhalin-1 and Sakhalin-2. Most part of these vessels' crews are from Primorsky Krai and Sakhalin, the maritime school and traditions of which are amongst the best in the world. 

    It is symbolic that it is in the Far East, at the SSK Zvezda’s facilities, that a global environmental initiative of SCF’s for Aframax tankers fuelled by natural gas bunkers will be implemented for the first time in Russia.

    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 the servicing of offshore oil and gas exploration and production. The company’s own and chartered fleet includes 147 vessels with a total deadweight of 12.7 million tonnes. 79 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.




2018 December 18

15:18 BW Group Limited purchased 137,000 shares
14:53 Icebreakers of FSUE Rosmorport assisted 680 ships in navigation season 2018-2019
14:28 Shell Oman and Port of Duqm ink agreement to develop fuel bunkering facilities
14:11 Golar LNG receives LNTP for an FLNG vessel for Greater Tortue / Ahmeyim Project P1, West Africa
13:47 WEG and Praxis sign MoU to support Damen Saab bid for the Brazilian Navy
13:41 Eni gets approval of the investment plan for Merakes Development Project in Indonesia
13:22 Sovcomflot closes USD 264 million long-term revolving credit facility
12:58 Bunker prices are flat at the Far East ports of Russia (graph)
12:40 Antwerp, Belgium will host the 3rd European Environmental Ports Conference on 12-13 June 2019
12:19 Keppel receives limited notice to proceed for GIMI FLNG
11:57 3 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 17-18
11:35 Terna’s MONITA HVDC Project: Nexans reaches key milestone with successful completion of submarine power cable
11:10 Container throughput of port Hong Kong (China) down 5.4% to 17.96 million TEUs in Jan-Nov’18
10:46 Bunker sales at the port of Singapore in 11M’18 down 1.8% Y-o-Y to 45.49 million tonnes
10:23 Maersk announces rate increase for Far East to North Europe trade
10:05 Brent Crude futures price down 1.53% to $58.72, Light Sweet Crude – down 1.61% to $49.39
09:47 Austal export opportunity supported by Australian Government financing
09:31 Rosatom drafted Rules for providing navigational and hydrographic support in NSR waters
09:14 Baltic Dry Index is up to 1,406 points

2018 December 17

18:23 Sembcorp Marine retains its position as Asia’s top cruise ship repair and upgrade solutions provider with newbuilds projects delivered in 2018
18:02 USPA announced tenders for dredging in Mariupol and Berdiansk seaports
17:48 SITC holds naming and delivery ceremony for M/V SITC SENDAI
17:37 ONE to implement LSF surcharge in China and Taiwan
17:15 NCSP Group's consolidated cargo turnover for January-October totaled 116,946 thousand tons
16:41 Moody's reaffirms Panama Canal's A2 long-term rating with stable outlook
16:26 Port of Oakland shatters 11-year-old record for November imports
15:54 Yamal LNG will build one more natural gas liquefaction facility
15:27 Nor-Shipping and Nordic Innovation team up for “Sea Meets Land” funding initiative
15:17 PETRONAS releases Annual Activity Outlook report for 2019-2021
14:56 NOVATEK elects a new member to the Management Board
14:37 Average wholesale prices for М-100 HFO down to RUB 15,328 in RF spot market
14:13 Damen’s triple delivery for Murjan Al Sharq Marine Contracting
13:41 Pacific Fleet and Indian Navy warships practice inspection operation as part of Indra Navy 2018 Russian-Indian naval exercise
13:19 Queen Máxima christens Van Oord's TSHD Vox Amalia
12:58 9 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 16-17
12:36 Samsung Heavy Industries secures yet another contract for an LNGC
12:23 Saab secures shipping safety contract for Shangai container port
12:00 Composit supports the 6th Forum of Dredging Companies as its Sponsor
11:42 Milaha unveils large plans to upgrade its shipyard in Mesaieed
11:01 IBIA welcomes decision by IMO’s MSC to add new item to its agenda to address concerns about fuel safety
10:43 SENER to design passenger vessel for Tanzanian ferry operator
10:17 Brent Crude futures price down 0.02% to $60.27, Light Sweet Crude – up 0.21% to $51.58
09:58 Port of Singapore throughput in 11M’18 grew by 0.4% Y-o-Y to 575.44 million tonnes
09:40 Floating regasification plant “Marshal Vasilevsky” arrives in Kaliningrad
09:15 Baltic Dry Index is up to 1,401 points

2018 December 16

16:09 Navios Acquisition completes acquisition of Navios Midstream
15:23 Thun Tankers names environmentally adapted tanker Thun Evolve
13:21 Traxens trials IoT network in port environment for first time, at MSC Terminal Valencia
12:32 Executives must watch both sea and air amid trade war tensions, warns Xeneta
10:55 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
10:11 PGNiG receives third spot delivery of US-sourced LNG at Świnoujście

2018 December 15

16:23 MOL Passenger Line receives award for outstanding performance in 'Cruise of the Year 2018'
14:53 CMA CGM to implement GRR for India East Coast-West Africa trade
13:51 CMA CGM announces LSS on services from / to China, Hong Kong and Taiwan
12:44 NYK Cruises receives Grand Prix Award for 2018 World Cruise
11:27 TT-Line places order for RoPax "green" ferry with China's Jiangsu Jinling Shipyard

2018 December 14

18:17 Hapag-Lloyd to increase rates from East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama
17:48 Petersburg Oil Terminal puts into operation its emergency response team
17:33 Vinalines to open container shipping centre next week
17:30 Fairway adjustment will simplify Elbe traffic control already next year