The Zvezda Shipyard in the Russian Far East is moving ahead into a new era with the first ever construction programme for liquefied natural gas carriers, ordered for the Arctic LNG II export project in northern Siberia.
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.