• 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 12

15:50 Throughput of Russian seaports in 11M’18 grew by 4.2% Y-o-Y to 746.8 million tonnes (detalization)
15:26 Okskaya Sudoverf launches first dry cargo carrier of Project RSD32M
15:02 American Petroleum Institute (API) awards bolt fatigue testing program contract to DNV GL
14:25 Giant Octopus added to the CPC’s stock of ER equipment
14:01 London hosts global port environment experts
13:20 Pola Anatolia, dry cargo ship of RSD59 design, successfully passed sea trials
13:01 Newcastle Container Terminal to deliver savings for regional NSW
12:36 Sovcomflot BoD considered the Group’s financial plan for 2019 and a forecast for 2020-2021
12:01 Diana Shipping announces time charter contract for m/v Ismene with Koch
11:49 Yury Trutnev appointed as head of revised State Commission for Arctic Development
11:22 Three icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 11-12
11:00 COSCO SHIPPING Ports partners with Abu Dhabi Ports to create regional trading hub and Middle East gateway for Belt and Road
10:47 Throughput of Rostov-on-Don port in 11M’18 up 15% Y-o-Y to 22.9 million tonnes
10:20 Brent Crude futures price up 1.16% to $60.9, Light Sweet Crude – up 0.67% to $52.3
10:11 Full bonded area is opened in Port Bronka
10:01 WMU welcomes ITF General Secretary and President
09:59 GTT receives an order for the tank design of two new LNG carriers
09:44 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is down to 1,364 points
08:28 Boskalis Ndurance’ cable trencher successfully tested at Alexiahaven
08:05 Maritime Blockchain Labs announces new consortium to improve crew management

2018 December 11

17:59 ASW Severomorsk of RF Navy's Northern Fleet makes a call to the Republic of Djibouti
17:33 Diesel submarine of RF Navy’s Pacific Fleet conducted training exercise in the Sea of Japan
17:10 Port of Antwerp International to consult USPA on tariff setting, concession and environmental policy
16:46 Van Oord supports the 6th Forum of Dredging Companies as its Sponsor
16:21 Yamal LNG reached full capacity
16:02 Hapag-Lloyd announces rates from Indian Subcontinent & Pakistan to North Europe
15:32 Georgia Ports Authority on track for 4.3M TEUs in 2018
15:20 Four new sponsors confirmed to join line-up at 2019’s Maritime Reconnaissance and Surveillance Technology conference
15:02 Hapag-Lloyd announces rates from Middle East to North Europe
14:48 Draft law on Arctic administration approved in the third reading by Russia’s State Duma
14:32 ECSA welcomes the decision by the EU Commission to update the EU list of ship recycling facilities
14:02 Global Ship Lease announces new long-term charter agreements with CMA CGM
13:32 Maersk Broker Bulk Chartering and Wonsild Dry to merge as of January 2019
13:15 Throughput of port Kavkaz in 11M’18 grew by 13% Y-o-Y to 45.61 million tonnes
13:02 COSCO SHIPPING Ports and Abu Dhabi Ports inaugurate CSP Abu Dhabi Terminal
12:46 Throughput of Russian seaports in 11M’18 grew by 4.2% to 746.81 million tonnes
12:13 Alfa Laval sells more than 100 GCU units for LNG newbuilds
12:01 Overseas Shipholding Group and American Shipping Company jointly announce extension of tanker charters
11:44 One icebreaker escort operation performed in eastern part of Gulf of Finland during 24 hours on December 10-11
11:40 The second phase of IMO-implemented safe and sustainable ship recycling project in Bangladesh starts
11:17 Bunker prices are flat at the Far East ports of Russia (graph)
10:58 NYK сoncludes long-term charter agreement for three LNG carriers with MC
10:30 MAN Cryo and partners develop marine liquid-hydrogen fuel-gas system
10:05 Port of Gdansk reports new quarterly record
09:39 Brent Crude futures price up 0.37% to $60.19, Light Sweet Crude – up 0.31% to $51.16
09:16 Baltic Dry Index is up to 1,385 points

2018 December 10

18:08 US major retail container ports imports reach 2 million containers in October 2018
17:50 Taganrog Sea Commercial Port spent USD 67,300 for its environmental programme in 9M’2018, up 6% YoY
17:27 Icebreakers of FSUE Rosmorport assisted 322 ships in navigation season 2018-2019
17:06 Nexans awarded contract for the manufacturing, delivery and installation of 350 kV HVDC submarine cable in the Philippines
16:49 Throughput of port Riga (Latvia) in 11M’18 climbed by 6.5% Y-o-Y to 33.1 million tonnes
16:33 Konstantin Ponomarev appointed as head of RS Nuclear Ships Branch
16:10 Ship Recycling Transparency Initiative launches new online platform
15:58 MOL to participate in construction, ownership, operation of FSRU for Jawa 1 gas-fired IPP project in Indonesia
15:52 MOL LNG сarrier LNG Fukurokuju rescues castaway
15:26 Gasum consolidates its position as the leading Nordic LNG provider
14:58 NIBULON Shipbuilding and Repair Yard adds a new high-capacity German crane to its cranes
14:25 BIMCO publishes two 2020 sulphur clauses
14:00 Average wholesale prices for М-100 HFO down to RUB 16,794 in RF spot market