April 9 (LNGJ) - Sovcomflot, the Russian shipping line with 16 liquefied natural gas carriers and an overall fleet of 147 vessels, pledge to further expand its portfolio as the board met to approve the annual report and recommend the allocation of 7.18 billion Russian rubles (US$95.6 million) in yearly dividend payments. Time charter equivalent revenue had increased by 17.8 percent to exceed US$1.27 billion while net profit was over US$225 million.
“We are pleased that the large-scale cooperation between Sovcomflot and Russia's leading energy companies is facilitating domestic construction of state-of-the-art LNG carriers and LNG-fuelled Aframax and MR tankers,” said Igor Tonkovidov, President and Chief Executive of Sovcomflot. “The total value of shipbuilding orders placed by SCF Group at the Russian yards has already exceeded US$1.5Bln,” he added at the meeting.
