STLC and Sovcomflot sign agreement on cooperation
PAO State Transport Leasing Company (STLC) and PAO Sovcomflot have signed an agreement on cooperation today, 6 December 2017, in the framework of the Transport Week 2017. According to the press center of STLC, the document was signed by Sergey Khramagin, Director General of STLC, and Sergey Frank, President and CEO of Sovcomflot, in the presence of RF Transport Minister Maxim Sokolov.
The agreement provides for partnership and long-term mutually-beneficial and efficient cooperation between the companies with a focus on the development of domestic shipping, shipbuilding and seaborne transportation of Russia’s export cargo.
In September 2017, Sovcomflot, Rosneft, STLC and Zvezda Shipbuilding Complex signed a set of agreements that entail the construction of five Aframax tankers to enable export shipments of crude oil and oil products.
State Transport Leasing Company (STLC) is one of the leading companies in the Russian leasing market, a diversified leasing company being one of the top 5 leasing companies by volume of the leasing portfolio, an industry leader in the aircraft and water transport leasing sectors. STLC is an implementation tool of the state policy of control and development of the Russian transport industry. The sole shareholder of the company is the Russian Federation represented by the Ministry of Transport.
SCF Group (PAO Sovcomflot) is Russia’s largest shipping company and a world leader in the maritime transportation of hydrocarbons as well as the servicing and support of offshore oil & gas production. The company’s fleet numbers 149 vessels with a combined deadweight of 13.1 million tonnes. SCF Group specialises in the shipping of crude oil, liquefied gas and a wide range of oil products. The Group’s vessels perform complex towing operations and geophysical survey work at offshore oil & gas fields. Sovcomflot supports large-scale offshore energy projects in Russia and overseas, including: Sakhalin-I, Sakhalin-II, Varandey, Tangguh, Peregrino, Prirazlomnoye, Noviy Port, Yamal LNG and others. SCF Group employs over 9,300 personnel both on land and at sea. The company is registered in Saint-Petersburg and has representative offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, Madrid, Singapore and Dubai.