Sovcomflot and Rosneft in Agreement for 5 LNG-Fueled Tankers

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Image Courtesy: The Motorship

On September 25, Sovcomflot (SCF) and its compatriot oil major Rosneft signed an agreement for the construction of five liquefied natural gas (LNG)-fueled Aframax tankes. Sovcomflot ordered the LNG-powered aframaxes for Rosneft at Zvedza Shipbuilding Complex.

The agreements to build the tankers were signed between SCF, Rosneft, Russia’s State Leasing Transport Co and Zvedza. Zvedza will jointly build the vessels with Hyundai Heavy Industries.

Sergey Frank, President and CEO of SCF stated, “We hope that the beginning of serial production of cutting-edge large-capacity LNG-fueled tankers in Russia will facilitate the further development of Russia’s port infrastructure that will allow ships to be bunkered with LNG fuel at Russian ports,” said Sergey Frank, president and ceo of SCF.

“We are also looking forward to seeing Russian regulators and maritime authorities continue with providing incentives for charterers, ship owners, and fleet operators who are taking real steps towards investing in green technologies.”

The ice class 1A/1B 114,000 dwt tankers will be purpose-designed to use LNG as their primary fuel. SCF is slated to operate and supervise the construction of the tankers.

The newbuildings are due to be delivered in 2021. SCF is one of the first major tanker owners to commit to using LNG as fuel along with AET.

“SCF Group strives to reduce systematically the environmental impact of vessels. To this end, we are prioritising the switch to the use of LNG as a primary vessel fuel, a complex solution which we consider to be efficient both environmentally and economically,” Igor Tonkovidov, Executive Vice-President and Technical Director of SCF said.