Skip to main content

 

 

VEB LEASING TO FINANCE SOVCOMFLOT MR TANKERS

Sunday, June 9, 2019 

Sovcomflot and VEB.RF Group have signed agreements whereby VEB Leasing will finance the construction of three new LNG-fuelled MR tankers.

Sovcomflot initially placed the order for these three tankers with the Zvezda Shipyard (Primorsky region) on 28 December 2018. The 51,000dwt tankers are scheduled for delivery in 2022 and 2023 for operation under 20-year time charter agreements with NOVATEK. The vessels will have an Ice Class 1B classification, enabling them to provide safe and reliable year-round transportation for hydrocarbons in challenging ice conditions, in particular within the Baltic Sea.

Sergey Frank, President and CEO of Sovcomflot, said: "Sovcomflot is one of the world leaders in the implementation of ‘green’ technologies in the transportation of energy by sea. The company already successfully operates six new-generation Aframax tankers, which are powered by LNG fuel. Five more LNG-powered vessels have been ordered by Sovcomflot from the Zvezda shipyard and will be built over the next few years. We welcome the plans of Russian shipbuilders to create modern large-tonnage LNG-fuelled vessels which, of course, represent the future of world shipping.

"We are pleased that our history of positive cooperation with VEB.RF Group has been further developed with this project. VEB Leasing previously participated in financing the construction of a number of Sovcomflot’s leading vessels in Russia, such as the Arctic shuttle tankers of the Mikhail Ulyanov series, as well as new-generation Aframax tankers being built at Zvezda.”

Artem Dovlatov, CEO of VEB-Leasing, added: "Shipbuilding is one of the largest engineering industries, with a significant scientific and technical component.  Support for this industry is one of the priorities of VEB Leasing and VEB.RF, to assist the industrial development of Russia.”

Reader Comments (0)

There are currently no comments on this article. Why not be the first and leave your thoughts below.

Leave Your Comment

Please keep your comment on topic, any inappropriate comments may be removed.

Return to index

Web Analytics