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  • Montoir celebrates milestone on LNG transshipment journey

    Elengy’s Montoir-de-Bretagne terminal in western France has transshipped the first LNG cargo under its landmark long-term contract with Novatek, and plans to grow this type of business. On Tuesday, Sovcomflot (SCF Group)’s ice-breaking, 172,600-cbm LNG carrier Christophe de Margerie (built 2017) was

    Gas  tradewindsnews.com 19 Apr 17:00 GMT Lucy Hine

    Profit down at KfW IPEX-Bank

    German export lender KfW IPEX-Bank has seen lending volumes hit by the rise of the euro against the dollar in 2017. The shipping specialist said the figure was down at EUR 61.9bn ($76.54bn), from EUR 69.4bn in 2016. About 45% of its loans are dollar-denominated. Sovcomflot fixes $252m aframax

    Finance  tradewindsnews.com 16 Apr 10:34 GMT Gary Dixon

    Orderbook at TMS Cardiff Gas inches up to five ships

    major Total to back a pair of LNG carrier newbuildings. Cardiff emerged with one of the contracts, with Russia’s Sovcomflot (SCF Group) taking the other

    Gas  tradewindsnews.com 13 Apr 07:57 GMT Lucy Hine

    Greek owners lead trend in scrapping of crude tankers

    (ex-Merganser, built 2012). Russian owner Sovcomflot (SCF Group) has sold the 105,000-dwt Petrodvorets (built 1999) for $432 per ldt, or $7.7m. The

    Ship Sales  tradewindsnews.com 12 Apr 12:42 GMT Harry Papachristou and Trond Lillestolen

    Sovcomflot fixes $252m aframax financing

    Russia's Sovcomflot (SCF Group) has lined up $252m of financing for its new LNG-powered aframaxes, meaning its orderbook is now fully covered. The...Societe Generale. Sovcomflot warns ‘there’s no quick fix for tanker markets’ The series of six 114,000-dwt tankers constitutes the first ever such vessels

    Tankers  tradewindsnews.com 06 Apr 10:32 GMT Gary Dixon

    Sovcomflot warns ‘there’s no quick fix for tanker markets’

    Russian shipowner Sovcomflot (SCF Group) remains bearish on the tanker market after writedowns and charges on a long-running legal drama sent it into the red in 2017. Sovcomflot chief financial officer Nikolay Kolesnikov told TradeWinds the company expected the tanker market recovery to be “very

    Tankers  tradewindsnews.com 22 Mar 23:00 GMT Andy Pierce

    South Korean yards court Zvezda deal

    HHI. The South Korean yard netted orders from Sovcomflot (SCF Group) to build a series of dual-fuelled aframax tankers, the first of which delivers in the third quarter. In September last year, Rosneft and Sovcomflot teamed up on a series of five LNG-fuelled aframax newbuildings at Zvezda. Russian

    Gas  tradewindsnews.com 22 Mar 17:00 GMT Lucy Hine

    Russia's Sovcomflot sees no short-term fix for tankers

    Russian shipowner Sovcomflot remains bearish on the tanker market after writedowns and charges on a long-running legal drama sent it into the red in 2017. Nikolay Kolesnikov, chief financial officer of Sovcomflot, told TradeWinds the company expects the tanker market recovery will be "very gradual

    Tankers  tradewindsnews.com 20 Mar 14:22 GMT Andy Pierce

    Legal battle and tanker writedowns send Sovcomflot to loss

    pushed Sovcomflot into the red in 2017. Sovcomflot (SCF Group) recorded a net loss of $113m for the year after carrying $108m in impairments relating to...executive of Sovcomflot, said: “Despite the very strong headwinds seen in the conventional tanker markets over 2017, with freight rates down by almost 50

    Finance  tradewindsnews.com 19 Mar 15:23 GMT Andy Pierce

    HMM readies yard tender for boxship banquet

    six aframax tankers for Sovcomflot (SCF Group) and an incoming raft of up to 12 boxships of 14,000 teu for CMA CGM, which is expected to be signed

    Liner  tradewindsnews.com 14 Mar 23:00 GMT Lucy Hine