Search results for: Sovcomflot

682 results

A list of search results

  • 21 November 2016

    Russia’s largest shipping company Sovcomflot posted a 36.2 percent drop in its third-quarter net profit in a”challenging” tanker market. Sovcomflot reported a net income of US$52.1 million as compared to $81.6 million in the same period last year. “Despite the tanker market conditions being challenging in the third quarter, with spot rates under notable pressure […]

  • 21 March 2017

    Russia’s largest shipping company Sovcomflot posted a 41.7 percent drop in net profit for the year 2016 that was market by market volatility.

  • 22 January 2015
    Vessels

    Socvomflot’s newly delivered LNG carrier SCF Melampus has set sail for Bonny Island, Nigeria, the company informed in a statement.

  • 25 March 2019

    Oslo-listed marine seismic vessel owner Polarcus is about to take early redelivery of its Vyacheslav Tikhonov seismic vessel from the Russian company Sovcomflot.

  • 21 March 2016
    Business & Finance

    Russia’s largest shipping company SCF Group (PAO Sovcomflot) saw a major upswing in its full-year results recording a net profit of USD 354.5 million against USD 83.9 million reported in 2014. The company said that its total future contracted revenues amounted to USD 8.5 billion. In addition, the company’s gross revenue increased by 7.6 per cent […]

  • 15 May 2020
    Business & Finance, Business developments & projects

    Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increased by 20.1 per cent year-on-year […]

  • 23 November 2016
    Business & Finance

    Russian shipping company Sovcomflot and the country’s bank Sberbank signed a memorandum of understanding (MOU) paving the way for a new USD 180 million long-term credit agreement to finance two Panamax Arctic shuttle tankers. With a term of up to 15 years, the credit facility agreement will finance Sovcomflot’s 2010-built tankers Mikhail Ulyanov and Kirill Lavrov, constructed at the […]

  • 1 April 2013

    Sovcomflot Group (SCF) has taken 4th place in a list of the top 30 tanker companies in the world as published by the British shipping magazine Tanker Operator. The preface to the list reads as follows: “Sovcomflot is continuing its rise to the very top of the global ratings and will undoubtedly retain its place […]

  • 19 June 2014
    Business & Finance

    CGG, a world leader in Geoscience, and Sovcomflot, Russia’s largest energy shipping company, announced today that they have signed an agreement to form a joint venture company dedicated to conducting high-end 3D marine seismic acquisition services with a focus on Arctic and sub-Arctic waters. The joint venture, to be called Arctic Geophysical Exploration (AGE), will be 51 […]

  • 11 February 2020
    Business & Finance

    SCF Group’s hosted a naming ceremony for its latest LNG carrier, SCF La Perouse.

  • 15 December 2011
    Business & Finance

    At a regular meeting of the Board of Directors of OAO Sovcomflot, approval was given to the financial plan (budget) of the Sovcomflot Group of companies (SCF) for 2012, and the production and financial performance forecasts for 2013-2014. The Chairman of Sovcomflot’s Board of Directors Ilya Klebanov said: “The financial plan has been prepared in […]

  • 10 June 2019
    Business & Finance

    Sovcomflot and VEB.RF signed a financing agreement for the construction of LNG-fuelled MR tankers.

  • 16 December 2014
    Business & Finance

    Russian shipping company Sovcomflot held a naming ceremony for the LNG carrier SCF Melampus, the third tanker in a series of vessels to be built under a partnership agreement between Sovcomflot and the South Korean shipyard STX Offshore & Shipbuilding. The first two tankers of the series, Velikiy Novgorod and Pskov, have already been put into […]

  • 22 January 2015
    Vessels

    Socvomflot’s newly delivered LNG carrier SCF Melampus has set sail for Bonny Island, Nigeria, the company informed in a statement.

  • 1 May 2019

    Wärtsilä will upgrade navigation systems installed onboard Sovcomflot vessels operating in Arctic waters.

  • 22 June 2012

    Citi, Bank of America Merrill Lynch, and OAO Sovcomflot (SCF Group) have signed a USD 140 million, 7 year loan Agreement to finance the construction of two VLCC-tankers. The vessels are currently under construction with delivery scheduled in 2013. They will operate on long-term charter agreements with PetroChina International (a subsidiary of China National Petroleum […]

  • 30 September 2014
    Vessels

    A steel cutting ceremony for an ice-class LNG tanker ordered by Russia’s Sovcomflot was held on Monday at DSME’s shipyard in South Korea.  The 172,600 cbm vessel will be operated under a long-term time charter agreement between Sovcomflot and Yamal LNG. It will be used to transport the chilled gas from the Novatek-operated Yamal LNG project […]

  • 1 May 2019
    Equipment

    Wärtsilä will upgrade the navigation systems installed onboard Sovcomflot’s shuttle tankers

  • 19 May 2016
    Business & Finance

    The start of the year seems to be promising for the Russian shipping major Sovcomflot, as the first quarter ending March 31st saw a 9.2 percent increase in the company’s net profit reaching USD 103.1 million. Time charter equivalent (TCE) revenues were up by 0.4 percent to USD 290.8 million, while the company’s EBITDA rose by 6.6 per cent to […]

  • 5 March 2014
    Business & Finance

    Sovcomflot’s $316-mln project financing transaction is recognized by the international shipping magazine Marine Money as one of the best financial transactions in 2013 and received “The Project Financing Deal of the Year” award. The 10 year non-recourse project facility will finance two ice-class LNG carriers that will operate under long-term charters with Gazprom group. The […]

  • 10 June 2019
    Project & Tenders

    Russian shipping company Sovcomflot and Gazprom Neft Marine Bunker have signed a cooperation agreement regarding the implementation of projects for bunkering ships with LNG fuel.

  • 12 February 2020

    Russian shipping company Sovcomflot named its newbuild liquefied natural gas carrier SCF La Perouse at the Hyundai Samho Heavy Industries’ shipyard in South Korea.