Sovcomflot orders LNG-powered aframax tanker duo

PAO Sovcomflot (SCF Group) has ordered a pair LNG-powered aframax tanker newbuilds backed by 20-year charters from Rosneft.

Ordered at Zvezda Shipbuilding Complex the signing ceremony was attended by Russian Federation President Vladimir Putin, with agreements signed by the owner, shipbuilder, Rosneft and VEB-Leasing which is financing the vessels construction.

The 114,000 dwt, LNG-fuelled tankers will be 1A/1B ice class are designed to operate in sub-Arctic seas and Russian ports of the Baltic region all year round. The vessels will cut SOx emissions by 100%, NOx by 70% and CO2 by 27% compared to similar vessels operating on heavy fuel oil.

Sergey Frank, president and ceo of SCF Group said:“I am confident that the experience gained in the technical and commercial operation of SCF’s next generation tankers will be in demand both with our customers and Russian shipbuilders, helping to consolidate the leadership of Russian companies in the implementation of “green technologies” in maritime transport. Sovcomflot is grateful to Rosneft for its decision to use next generation LNG-fuelled tankers in its export programme.”

The newbuildings add to six LNG-powered aframaxes that SCF Group already has on order that will be chartered by Shell. Malaysia's AET Tankers the and Russian shipowner have both thrown their weight behind LNG fuelled tankers for the future.

Read more: Sovcomflot secures $252m in finance for LNG-powered aframax tankers

Posted 11 September 2018

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Marcus Hand

Editor, Seatrade Maritime News

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