Sovcomflot, Rosneft, STLC and Zvezda to build five tankers

Sovcomflot, Rosneft, STLC and Zvezda to build five tankers

Sovcomflot, Rosneft, the State Transport Leasing Company (STLC), and Zvezda Shipbuilding Complex have signed a set of agreements for the construction of five Aframax tankers.

The 114,000 dwt vessels will be built by Zvezda  and Hyundai Heavy Industries and are due to enter service from 2021. They  will have an ice class of 1A/1B, sufficient to ensure safe year-round operations in regions with challenging ice conditions, including the Baltic Sea and subarctic seas. SCF will operate all the tankers.

S - Five tankers

The deal heralds a new generation of merchant vessels with higher environmental safety standards. The vessels are designed to use LNG as their primary fuel, which significantly reduces their environmental impact. The vessels were designed to comply with most stringent international Sulphur Oxide, Nitrogen Oxide, and Carbon Dioxide emission standards, governed by new IMO regulations that are scheduled to come into effect from 2020 and will apply, among other areas, to the Baltic and North Seas.

The technical specification of the new tankers was designed by SCF’s specialists, with the close involvement of the Far Eastern Shipbuilding and Ship Repair Centre (FESRC). When designing the tankers, SCF’s team applied the Group’s vast experience of operating large-capacity tankers under adverse climatic and ice conditions. (For reference: For more than 15 years SCF Aframax tankers have been successfully shipping crude oil in the Baltic Sea and subarctic seas).

President and CEO of Sovcomflot, Sergey Frank said: “On the global market, Sovcomflot has a strong reputation as a world-class operator of large-capacity tankers, as well as platform supply vessels, and we remain the world’s No.1 operator of Aframax tankers, which comprise over one-third of the SCF fleet.

“Sovcomflot welcomes the further expansion of mutually beneficial cooperation with Rosneft, Russia’s largest oil exporter. SCF Group is already operating three Rosneft-owned ice-class 30,000 dwt tankers (RN Arkhangelsk, RN Murmansk, and RN Privodino), all of them transporting oil and petroleum products across the Baltic Sea and in the Arctic. SCF is also involved in crude oil transhipment operations for Rosneft.

“We welcome the commitment of Zvezda to a project that exceeds the highest technical requirements of the market. We hope that the beginning of serial production of cutting-edge large-capacity LNG-fuelled tankers in Russia will facilitate the further development of Russia’s port infrastructure that will allow ships to be bunkered with LNG fuel at Russian ports. We are also looking forward to seeing Russian regulators and maritime authorities continue with providing incentives for charterers, ship owners, and fleet operators who are taking real steps towards investing in green technologies.”

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9th Oct 2017

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