News articles

Sergey Frank, Sovcomflot
Russian giant walks the line between sanctions and wooing the banks.
DATE: 12/12/2014 SOURCE_NAME: Lloyd's List 100 AUTHOR_NAME: Lloyd's List Editorial

Moody's confirms Sovcomflot's ratings, outlook negative

DATE: 01/04/2015 SOURCE_NAME: Moody's AUTHOR_NAME: Julia Pribytkova

Sovcomflot shrugs off sanctions as it returns to profit
Improvement due to company's own efforts as well as better market, Kolesnikov insists.
DATE: 01/04/2015 SOURCE_NAME: Lloyd's List AUTHOR_NAME: David Osler

Sovcomflot IPO will 'happen when it happens', says Kolesnikov
Preparations ongoing behind scenes but no firm sell-off date, says Russian tanker giant's finance chief.
DATE: 31/03/2015 SOURCE_NAME: Lloyds' List AUTHOR_NAME: David Osler

Sovcomflot back in profit for 2014

Russian tanker giant makes $83.9m on back of improved market and fleet expansion

SOVCOMFLOT is back in the black after booking a $83.9m profit for 2014, benefiting from both the upturn in tanker market and gas carrier fleet expansion as it reversed the full-year loss seen in 2013. Revenues at the Russian state-owned tanker giant rose 9.9% to $1.3bn.

DATE: 25/03/2015 SOURCE_NAME: Lloyd's List AUTHOR_NAME: David Osler

Shipping expert claims more Arctic experience can increase safety
Escalating Arctic traffic could help provide the know-how for safer shipping in the region, a former UK coastguard chief told the House of Lords this week.
DATE: 31/10/2014 SOURCE_NAME: TradeWinds AUTHOR_NAME: Nick Roumpis

SCF negotiates extra time on Yamal quintet
DSME berth slots will be held open despite South Korean yard’s headlong rush for gas carrier orders Russian owner SCF Group (Sovcomflot) and the partners in Russian liquefaction project Yamal LNG have agreed to postpone the date by which they had planned to sign five pending orders worth $1.6bn for specialised LNG carrier newbuildings with South Korean shipbuilder DSME.
DATE: 07/11/2014 SOURCE_NAME: TradeWinds AUTHOR_NAME: Lucy Hine

Sovcomflot tailors fleet to support energy operations
Specialised ships now form the bulk of the Russian owner’s fleet, with its sights trained on developing the LNG business “It is all about energy,” said the president of SCF Group (Sovcomflot) Sergey Frank as he described what he regards as a transformation of the Russian state-owned carrier.
DATE: 24/01/2014 SOURCE_NAME: TradeWinds AUTHOR_NAME: Trond Lillestolen

SCF's new arctic mission
SCF Group’s (Sovcomflot) tankers have begun arctic oil transport from the Novoportovskoye oilfield in the Gulf of Ob.
DATE: 22/08/2014 SOURCE_NAME: TradeWinds AUTHOR_NAME: Nick Roumpis

Fitch tunes up Sovcomflot
Fitch has flipped to a more positive stance on OAO Sovcomflot following a tanker market recovery and stronger than expected results for the shipowner this year.
DATE: 21/11/2014 SOURCE_NAME: TradeWinds AUTHOR_NAME: Andy Pierce