Russia's Sovcomflot (SCF Group) has sealed $110m of new funding for its latest shuttle tanker additions.

The credit facility matures over 10 years in a deal with ING, SMBC Bank and Unicredit.

The two 114,000-dwt ice-class vessels are due from Samsung Heavy Industries in South Korea in January and March of next year.

They will serve the Sakhalin-1 oil and gas development project in the Sea of Okhotsk, off Sakhalin Island.