News articles

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

Sovcomflot completes first phase of Green Funnel tanker haul

DATE: 02/05/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Lucy Hine

Sovcomflot posts big first-quarter profit as tanker market recovers
The Russian state shipowner posted $70.1m in profit for the three months of 2019, a marked improvement over the $16.1m loss reported for the same period last year
DATE: 15/05/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Matt Coyne, Andy Pierce

Sovcomflot targets continued growth
Sovcomflot expects to continue growing its industrial business, which includes offshore services and gas transportation. The unit already makes up more than 50% of revenues
DATE: 19/03/2019 SOURCE_NAME: Lloyd's List SOURCE_URL: AUTHOR_NAME: Nidaa Bakhsh

Tanker rate spike pushes Sovcomflot back to profit in fourth quarter
Rebounding tanker rates propelled Russian shipowner Sovcomflot back into the black in the fourth quarter of 2018 and the confidence has transferred into this year
DATE: 15/03/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Andy Pierce

LNG fuelling proves to be a slow burner for the industry
But the next wave of newbuildings for deepsea vessels across all types could change that
DATE: 13/12/2018 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Lucy Hine

Novatek reserves slots for 14 Arctic LNG carriers worth $4.45bn
"We expect Sovcomflot to take on a large number of orders following the results of the tender," a representative of Novatek said
DATE: 11/01/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Gary Dixon

Sovcomflot signs first LNG-fuelled product tanker newbuildings order
Contract for MR series at Zvezda follows aframax deal with the same yard in September
DATE: 02/01/2019 SOURCE_NAME: TradeWinds SOURCE_URL: AUTHOR_NAME: Andy Pierce