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  • SCF shows resilience despite lower profit

    Sovcomflot (SCF) has seen its first quarter profit more than halved due to tanker market headwinds but said it showed “resilience”. The Russian tanker owner reported net earnings of $39.9m, compared to $103.1m at the same stage of 2016. SCF explained some spot market rates were down 40% year-on

    Finance  tradewindsnews.com 23 May 13:46 GMT Global Mediator

    State of the Arc: Yamal's icebreaking LNG carriers

    SCF Group (Sovcomflot) president and chief executive Sergey Frank jokes that he had always promised Captain Sergey Zybko a very modern LNG carrier...masters, who have worked together before — Gen as a chief officer under Zybko on the SCF Arctic — went onto Sovcomflot’s Arc6 shuttle tankers for the

    Gas  tradewindsnews.com 22 May 14:52 GMT Global Mediator

    Russia targets June IPO for SCF

    Part of state shipowner Sovcomflot (SCF Group) could be sold in an IPO next month, it has been claimed. Banking and industry sources told Reuters...will ask for the right to be involved in the management, one day or another. This is not what Sovcomflot needs," a government source said. A banking

    Tankers  tradewindsnews.com 22 May 08:33 GMT Global Mediator

    Trader Koch bags TEN suezmaxes for time-charter business

    $16,000 per day. In the clean sector, Rosneft has secured the 118,000-dwt Viktor Bakaev (built 2013) from Sovcomflot (SCF Group) subsidiary Novoship

    Tankers  tradewindsnews.com 27 Apr 16:00 GMT Global Mediator

    Midsize LPG carriers plummeting in value

    month. It is understood subjects remain on its sale. Russian owner SCF Group (Sovcomflot) has been in the market seeking to exit the midsize LPG sector

    Gas  tradewindsnews.com 20 Apr 16:00 GMT Global Mediator

    SCF Group looks to train Arctic seafarers

    A Sovcomflot-owned platform supply vessel will pull double duty as both a work vessel and classroom for a Russian maritime academy. Sovcomflot (SCF) said it will enter a joint educational and research project with the Admiral Nevelskoy Maritime State University in Vladivostok. The programme will

    Tankers  tradewindsnews.com 18 Apr 22:57 GMT Global Mediator

    SCF and PDVSA lock horns in charter spat

    Russia's Sovcomflot (SCF Group) is pursuing claims against Petroleos de Venezuela (PDVSA) in a legal battle that is pitting state-owned companies of two allied governments against each other.SCF has alleged that PDVSA owes in $30m on unpaid charter hire, according to court documents in the Dutch

    Legal  tradewindsnews.com 18 Apr 21:53 GMT Eric Martin

    SCF sets out stall to shift bulk of aframax fleet to LNG fuelling

    Russian shipowner SCF Group (Sovcomflot) wants to see most of its aframax tanker fleet switched over to using LNG as a fuel in the next five to six...LNG-fuelled aframax project for more than five years. He credited Sovcomflot (UK) managing director Callum Ludgate with the idea, describing him as

    Tankers  tradewindsnews.com 13 Apr 16:00 GMT Global Mediator

    HMM VLCC newbuilds could be LNG fueled

    to the VLCCs, but declined to provide any further details. Last month Russian shipowner Sovcomflot placed an order for the world’s first LNG-fuelled

    Gas  tradewindsnews.com 12 Apr 00:09 GMT Global Mediator

    Arc7 LNG shipowners view first of 15 in a new breed

    SCF Group (Sovcomflot) has opened a new chapter in Arctic history by bringing the first of a new breed of LNG carrier into its home port of Sabetta...South Korea's DSME will deliver this year. Aside from Sovcomflot’s ship, Dynagas and partner Sinotrans will take delivery of two Arc7 vessels in August

    Weekly  tradewindsnews.com 06 Apr 18:18 GMT Global Mediator