Prisco Sells Six Tankers

(Press Release)
Wednesday, February 09, 2011

Primorsk International Shipping Limited (Prisco) announced the en bloc sale by Prisco and purchase by OAO Sovcomflot (SCF) of six tanker vessels employed on the Sakhalin shuttle trades. 

The terms of the sales were not disclosed. Two of the vessels are time-chartered to Exxon Neftegas Limited (“ENL”) for Sakhalin -1 oil export operations.  Both vessels will continue operations under current agreement with ENL.
Three other vessels are on charter to Sakhalin Energy Investment Company Ltd (Sakhalin Energy). The sixth vessel is fully equipped, designed and constructed for Sakhalin shuttle service and was formerly chartered to ENL.
This transaction will be completed in February 2011 and has the approval of the relevant charterers. 

The vessels concerned are:‐
Name                                                      Build Date 
m.v. CAPTAIN KOSTICHEV                 2005 
m.v. PAVEL CHERNYSH                     2005 
m.v. SAKHALIN ISLAND                      2004 
m.v. VIKTOR TITOV                              2005 
m.v. ZALIV ANIVA                                  2009 

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