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TWO LNG-FUELLED TANKERS ORDERED BY SOVCOMFLOT

Wednesday, September 12, 2018 

Sovcomflot (SCF Group) has placed an order with Zvezda Shipbuilding for two next generation large-capacity Aframax tankers.

With deadweight of 114,000t, the 1A/1B ice class vessels will be capable of year-round operation in areas with difficult ice conditions, including sub-Arctic seas and Russian ports of the Baltic region. The vessels will operate on LNG fuel.

Sergey Frank, President and CEO of Sovcomflot, said: “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.

“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.”

VEB Group will finance their construction while Rosneft will lease the tankers on a 20-year time-charter.

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