Statement regarding current position of NS Concord

Moscow, October 20, 2014 - Tanker NS Concord owned by SCF Novoship (type - "Aframax", deadweight – 105,902 tonnes) is presently chartered for transporting a cargo of oil from the port of Primorsk in Russia. The ship is currently drifting on standby awaiting loading orders, at a distance of 14 to 25 nautical miles off the territorial waters of the Kingdom of Sweden.

On 18 October the Swedish Coast Guard contacted the ship, asking about the vessel’s movements and the purpose of her drifting. Following the ship Master’s response, the Coast Guard thanked him for the information provided.

OAO Novoship’s President Yuri Tsvetkov said: "We have noted and are flattered by the increased attention in the Swedish and international media to the movements of NS Concord. However, I have to report that there is nothing unusual behind the ship’s movements as she awaits her cargo loading operations. The practice of vessels drifting on standby is widespread in commercial ship management. Simultaneously, in different oceans of the world, dozens of vessels may be drifting awaiting loading orders under the terms of their charters. In the coming days,NS Concord will move to Primorsk for the voyage for which she is chartered. The loading is scheduled for 23 October."

SCF Novoship Press-office

SCF Group of companies (SCF) - one of the world's leading shipping companies, specializing in crude oil, petroleum products and liquefied gas transportation. The fleet includes 153 vessels with a total deadweight of over 12.7 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore.

The Group offers a wide range and powerful grouping of vessels, in the market segments most demanded by major Russian oil and gas companies. With its own technical development and unique approach to advanced technologies, Sovcomflot has the ability to meet the most demanding customer requirements, providing effective transportation for oil & gas companies.