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Sovcomflot orders LNG-fuelled tankers from Zvezda Shipbuilding

17 Sep 2018

Russian shipping group PAO Sovcomflot (SCF Group) has signed a set of agreements with Rosneft, Zvezda Shipbuilding Complex, and VEB Group, for a series of two next generation liquefied natural gas (LNG) propelled Aframax tankers.

VEB-Leasing will finance the construction of the 114,000 dwt tankers, whilst a subsequent 20-year time-charter for them has been agreed with Rosneft.

The vessels will have a 1A/1B ice class, which makes them able to operate all year round in areas with difficult ice conditions, including sub-Arctic seas and Russian ports of the Baltic region.

A ceremony where the signed agreements were exchanged, held at Zvezda Shipbuilding Complex, was attended by Vladimir Putin, President of the Russian Federation.

The ceremony participants were: Sergey Frank, President and CEO of PAO Sovcomflot; Igor Sechin, CEO, Chairman of the Management Board, Deputy Chairman of the Board of Directors of Rosneft, and Artem Dovlatov, Head of VEB-Leasing.

“We welcome the plans of the Russian shipbuilders, from Zvezda Shipbuilding Complex, to create modern large-capacity vessels using natural gas-based bunkers (LNG) as their primary fuel. I’m sure that it is with such vessels that the future of merchant shipping lies,” said Sergey Frank, President and CEO of PAO Sovcomflot at the 4th Eastern Economic Forum.

“Sovcomflot is the world leader in the Aframax tanker segment, with our vessels serving the needs of the largest oil and gas companies for safe transportation of crude oil in the Baltic, North Sea, Black Sea, Mediterranean, Sea of Okhotsk and the Sea of Japan.

“I am confident that the experience gained in the technical and commercial operation of SCF’s next generation tankers will be in demand both with our customers and Russian shipbuilders, helping to consolidate the leadership of Russian companies in the implementation of “green technologies” in maritime transport.

Sovcomflot is grateful to Rosneft for its decision to use next generation LNG-fuelled tankers in its export programme.

“This project builds on the positive experience of interaction with Vneshekonombank in financing the construction of unique Arctic shuttle tankers, of the Mikhail Ulyanov series, at the Admiralty Shipyards in Saint Petersburg.”

Photo credit: SCF Group
Published: 17 September, 2018

 

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