News articles

Russian shipping giant Sovcomflot maps out its course into 2025
Sovcomflot’s 2019-2025 strategy is about further industrialization: two-thirds of the company’s exposure will be to industrial projects, with the remaining one-third to conventional shipping
DATE: 31/10/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Lucy Hine

Sovcomflot backs LNG fuelling as way forward for its growing fleet
New Sovcomflot president and chief executive Igor Tonkovidov says the company 'believes in gas'
DATE: 31/10/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Lucy Hine

Sovcomflot: spot spike nice but sustainable rates more important
Russian owner's CFO Nikolay Kolesnikov says the company does not want to be dependent on volatile markets
DATE: 31/10/2019 SOURCE_NAME: TradeWinds SOURCE_URL: https AUTHOR_NAME: Gary Dixon

Sovcomflot profit surges in volatile tanker markets

Russian state shipowner logged a bottom line of $26m as revenue increased in the third quarter

DATE: 31/10/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Gary Dixon

Frank 'cautiously optimistic' as Sovcomflot returns to profit
Russian owner's CEO also hopeful for tanker prospects in 2020.
DATE: 29/08/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Gary Dixon

Sovcomflot’s Sergey Frank to head new NSR committee

Frank is stepping up to head the Organisational Committee of the new council, which aims at offering a platform for open expert discussion and providing the best solutions for NSR development with regard to the best international practices

DATE: 07/06/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Lucy Hine

Russians and Chinese seal pact on Arctic LNG venture
The Chinese state giant Cosco Shipping and Russia’s Sovcomflot are to collaborate on a venture to ship hydrocarbons from the Arctic to the Asia-Pacific region.
DATE: 07/06/2019 SOURCE_NAME: Lloyd's List SOURCE_URL:

Frank accepts award for Sovcomflot's first LNG tanker
Sovcomflot chief executive Sergey Frank accepted a prestigious new ship award at Nor-Shipping in Oslo for the ground-breaking LNG-fuelled tanker in the presence of Norway’s King Harald V
DATE: 03/06/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Julian Bray

Fitch dials up debt rating on Sovcomflot amid growth of industrial business

Fitch has upgraded its long-term issuer default rating on Sovcomflot from 'BB'/'Positive’ to 'BB+' at a time the company has set a target to follow the state back to investment grade

DATE: 30/05/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Andy Pierce

Rosneft confirms deal for pilot Arctic 2 LNG carrier
Zvezda Shipbuilding Complex has finalised a deal to build the pilot vessel for state shipowner Sovcomflot
DATE: 11/04/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Gary Dixon