Abu Dhabi's Al Seer Marine Buys LPG Tanker Duo for $67M to Meet Growing Demand
Abu Dhabi's Al Seer Marine, a subsidiary of International Holding Company (IHC), has said it has acquired two vessels, valued at a combined AED 246 million ($66,97 million), to meet the "rapidly growing demand for transportation of liquified petroleum gas (LPG)."Al Seer Marine has purchased LPG tankers, MT Alcor and MT Alkaid, each with a capacity of 20,700 cubic meters. The vessels are expected to provide an internal rate of return (IRR) of 25%, Al Seer Marine said. The company plans to buy up to 15 ships in 2022.
Sovcomflot Reports on Slippery 2013 Financial Slope
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.
Historic Russian Sailing Ship Replica Prepared for Launch
An exact copy of Russia's first 58-cannon battleship God's Predestination was laid down at Pavlovsk Shipyard almost one year ago. The keel-laying ceremony was attended by Voronezh Governor Alexei Gordeyev and Metropolite Sergius. According to Nadezhda Marinkina, "undoubtedly, we'll implement the contract on the due time, in December. The most problematic issues such as project development and registration have been already resolved. Along with our subcontractor, JSC Varyag from Petrozavodsk, we have spent half of 200 million rubles appropriated for the ship construction.
