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Sovcomflot (SCF) technical management subsidiary SCF Unicom recently marked its 25th anniversary with a reception in Limassol last week.

SCF Novoship Technical Management, a subsidiary of the SCF (Sovcomflot) Group, has chosen the Ecochlor BWTS (Ballast Water Treatment System) for retrofits aboard three aframax tankers and a product tanker used in Far North operations, with installations due to take place this year.

Sovcomflot (SCF) reports that it is benefitting from immunity to falling LNG and offshore rates thanks to long-term charter agreements, while its crude fleet rides the buoyant tanker spot market.

Russiam shipowner Sovcomflot has reported a mlore than trebling of first hald 2015 profits to $216.3m versus $63.6m in H1 2014, as well as an 11.8% surge in revenues year-on-year.

A surge product tanker and gas transportation profits led Sovcomflot (SCF) to a $97m profit in the first quarter, a 67% jump on Q1 2014.

Sovcomflot (SCF) has signed a new $319m, 10-year, limited recourse credit facility with a European bank consortium.

OAO Sovcomflot (SCF) has reported a net profit of $63.6m in the first half, reversing a loss of $14.5m in the same period last year.

Despite an operating profit of $12.4m for the second quarter, Sovcomflot (SCF) has reported a net loss of $16.4m, compared to a $5.5m profit for the same period last year.

Sovcomflot (SCF) has reserved construction slots with Russian shipbuilding group United Shipbuilding Corporation (USC) to expand its fleet of Velikiy Novgorod class LNG carriers.

Russian shipping giant Sovcomflot, natural gas provider OAO Novatek and Russian state corporation "Bank for Development and Foreign Economic Affairs" (Vnesheconombank) have signed an mou for the construction of two gas carriers for the Yamal LNG project.

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