Rosnefteflot News

Russia's biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said.Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell its oil at the port of loading, meaning the buyer would have to find tankers and handle freight and insurance costs for the voyage.But with new, tighter Western sanctions looming…

AO Rosnefteflot, a subsidiary of Rosneft, and Zvezda shipyard signed a contract during the St. Petersburg International Economic Forum for the construction of a shuttle tanker Arc6 with a deadweight of 69,000 tons. The contract provides for an option to build a second similar vessel. At the same time, a 20-year charter agreement was signed between Rosneft and Rosnefteflot. The tanker will be used for safe export of oil and petroleum products from Trebsa and Titova fields. Arc6 ice class tankers are designed for operations where ice thickness is up to 1.5 m and ambient temperature is down to -45 degrees Co. The maximum length of the tanker is 257 meters, its width is 34 meters, draft is 14 meters, height is 21 meters, speed is 15.5 knots.

Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time Rosnefteflot and Taimyrneftegaz  signed an agreement for 20 year time chartering of these tankers. Each tankers will be with 42,000 t deadweight each. ARC7 ice class tankers are designed for operations in the conditions with ice thickness up to 1.8 m and ambient temperature of down to 45 degrees. The new series of tankers is to be used for transportation of crude produced at Paiyakhskoe field from the mouth of Enisey river along the Northern Sea Route both in the western and eastern directions.

Russian shipping company Sovcomflot, a global top-five tanker company, reported its financial results for the first quarter of 2014. The company, which offers crude oil, refined petroleum products and liquefied gas transportation services, recorded a “strong start” with highlights as listed below. •Successful completion by SCF Group’s company, Novoship, of modernization at the Port of Sochi for 2014 Winter Olympic Games. Sergey Frank, President and CEO of OAO Sovcomflot, said, “Following five years of recession, the tanker market is showing the early signs of a long overdue recovery.

SCF Group (Sovcomflot)
 has released its audited financial results for the year ending 31, December 2013, indicating a slip in profitability during what they describe as another challenging year for the international tanker industry. Further implementation of programme of commercial voyages along the Northern Sea Route, involving ice-class tankers SCF Yenisei  and Viktor Bakaev (first transit completed by the Group in an East-West direction) and the bulk carrier NS Yakutia.

Rosneft Marine UK Ltd. and RN-Bunker LLC - subsidiaries of Russian state-owned oil company OJSC Rosneft - have jointly launched its first bunker delivery tanker to service the Black Sea Port of Tuapse in Russia. Built in 2007, the RN Taurus is a 3569 dwt state-of-the-art bunker tanker. The bunker tanker has pumps in each of its cargo tanks and is capable of delivering 150 cu. m. of bunker fuel an hour. It has two controllable-pitch propellers and a bow thruster with an integrated automated control system. RN Taurus is a time-charter agreement with Rosnefteflot, a joint venture between Rosneft and Sovcomflot. The vessel is part of Rosnefteflotʼs strategy to develop modern…