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Production Begins on Sovcomflot’s New MPSV
The production of the icebreaking multipurpose supply vessel for Sovcomflot was started with steel cutting on November 26, 2014. The ceremony took place at Vyborg Shipyard…
OAO Sovcomflot’s 9M/Q3 2014 Results
OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014. n.a. Commenting on the results, Sergey Frank…
Sanctions Bite Russian Arctic Oil Shippers
Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the delivery of oil technology, goods and services, aiming to make it impossible for Moscow to access new oil sources.
SHI Wins Order for Arctic Shuttle Tankers
Samsung Heavy Industries won an order amounting to USD 440 Million for Three Arctic Shuttle Tankers from a European shipper. According to sources the order is from…
Yamal LNG: Steel Cut for First Arctic Gas Carrier
Construction of an Arctic gas carrier for OAO Sovcomflot has begun under the survey of Russian Maritime Register of Shipping (RS).The ship is being built as part of Yamal LNG…
Steel Cut for Yamal LNG Project’s Lead Tanker
A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project. The prototype vessel will be operated under a long-term time charter between OAO Sovcomflot and JSC Yamal LNG. The steel-cutting ceremony, marking the formal start of a ship’s construction process, took place at the Daewoo Shipbuilding and Marine Engineering Co., Ltd.
New LNG Carrier Bunkers in Russia
Gazprom Marketing & Trading’s (GM&T) says that its newly delivered LNG carrier “Pskov” has received bunkers (Heavy Fuel Oil and Marine Gas Oil) at the port of Nakhodka…
Russia's Shipping Major Reports Strong 1H 2014
OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial…
Gazprom, Sovcomflot Expand LNG Transport Cooperation
Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will…
Pskov Gas Carrier Construction Nears Completion
On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov, Senior Executive Vice-President of OAO Sovcomflot, Nikolay Grigoriev, Director of Global Shipping & Logistics of Gazprom Marketing and Trading…
Sovcomflot Orders 3 Icebreaking Vessels from Arctech
Arctech Helsinki Shipyard signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be…
GTT Wins DSME Order for 9 More Icebreaking LNGCs
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced…
Sovcomflot & Sakhalin Energy to Provide 3 Icebreakers for Sakhalin-2
SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) have signed a contract for the construction and long-term operation of three…
Sovcomflot Extends Cooperation with Sakhalin Energy
Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd.
Moody's Rates Sovcomflot Ba2: Negative Financial Outlook
Moody's Investors Service says it has confirmed the Ba2 corporate family rating (CFR) and the Ba2-PD probability of default rating (PDR) of Sovcomflot JSC with $800 million of rated debt affected.
ABB Wins LNG Carrier Electric Power & Propulsion Contract
ABB inform that its technology will power ice-going LNG carriers carrying liquefied natural gas (LNG) from Siberia to Europe and Asia, having secured a contract…
Rosneft President Meets DSME's CEO On Shipbuilding Cluster
On 15th of June, 2014 Rosneft President, Chairman of the Management Board Igor Sechin held talks with CEO of DSME Jae-ho Ko on establishment of a shipbuilding cluster.
Sovcomflot Reports “Strong Start” for Q1 2014
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.
Greenpeace Targets Russian Tanker at Rotterdam Port
Mikhail Ulyanov, an ice-breaking shuttle tanker (ice class – ARC6) belonging to OAO Sovcomflot (SCF Group), has been the subject of a Greenpeace protest, while at the Port of Rotterdam carrying a cargo of 67,000 tons of crude oil, loaded on the continental shelf of the Pechora Sea, Russia. “We are extremely disappointed that our vessel has been the subject of an irresponsible publicity stunt by Greenpeace…
Safety the Focus as Heavy Lifting Picks Up
Heavy lift operations offshore are an awe-inspiring feat, but an operation that requires consistent monitoring of man, machine and procedure to ensure they are conducted in as an efficient and safe manner as possible. Due to a growing focus on safety related to subsea lifting operations, DNV GL recently established a Joint Industry Project (JIP) to develop practical methods for reducing the risks and lifetime cost of steel wire ropes for subsea lifting applications…