Russian shipping line Sovcomflot returns to profit amid more LNG carrier and fuel plans
Sovcomflot, the Russian shipping line with 16 liquefied natural gas carriers and an overall fleet of 147 vessels, returned to annual profit amid plans to expand its LNG carrier fleet and its number of LNG-powered tankers.
Sovcomflot expands LNG carrier fleet for increasing shipments from Russian Arctic plants
Sovcomflot, the Russian shipping line with 16 LNG carriers and an overall fleet of 147 vessels, said it held a ceremony for the naming a new LNG carrier named after a French Pacific maritime explorer.
Russian shipping line boosts revenues as LNG activities to expand with second Arctic project
Sovcomflot, the Russian shipping line with 16 LNG carriers and an overall fleet of 147 vessels, said its revenues rose by 5.7 percent in the third quarter amid expectations more newbuilds will be ordered to deliver cargoes from the second Arctic LNG export plant proposed by Novatek and its international partners.
Sovcomflot posts rise in revenues as LNG base expands after 10 years of Japan shipments
Sovcomflot, the Russian shipping line with 14 LNG carriers and two others on order, has reported a rise in first-quarter time-charter revenues and turned a profit as it also introduced LNG-powered vessels to its tanker fleet.
Russian shipping line Sovcomflot posts solid earnings as LNG and other sectors improve
Sovcomflot Group, the Russian shipping line with 12 liquefied natural gas carriers in its fleet, narrowed its annual net losses as charter rates improved for LNG and energy trading sectors amid continuing difficult conditions during mid-2018.
Sovcomflot and Shell start LNG bunkering at Rotterdam with fuelling of Aframax tanker
Russian shipping line Sovcomflot said Royal Dutch Shell conducted a ship-to-ship LNG bunkering operation in the Dutch port of Rotterdam for the “Gagarin Prospect”, the world’s first LNG-powered Aframax tanker.
Sovcomflot of Russia and oil company Rosneft advance LNG-fueled tanker plans with bunkering
Russian fleet owner and operator Sovcomflot along with oil company Rosneft and the country’s new Zvezda Shipbuilding complex have signed a set of agreements that entail the construction of five Aframax tankers with LNG propulsion that will also lead to infrastructure development to allow ships to be bunkered with LNG fuel at Russian ports.
Russia's Sovcomflot led through adverse market conditions by its Arctic LNG asset prospects
Sovcomflot, the Russian shipping company specializing in energy transportation and with a growing LNG fleet, including the delivery of the world’s first ice-breaking LNG carrier, posted higher gross first-half freight and charter revenue and lower net profit in challenging conditions.
Shell puts Dutch Rotterdam LNG terminal at the forefront of fuel market with Russian tanker deal
Royal Dutch Shell moved to keep Northwest Europe at the forefront of the liquefied natural gas bunkering market by signing an agreement to fuel Russian-owned crude oil carriers from 2018.
Sovcomflot posts profit drop as it marks French LNG industry ties to Russia and Yamal project
Sovcomflot, Russia’s largest shipping company with a growing LNG fleet and a new vessel marking French LNG industry ties to Russia, posted a more than 40 percent drop in annual net profit dropped to $206.8 million from $345.5M the previous year in the depressed spot and time charter markets.
