Christophe de Margerie Arrives at Yamal LNG Terminal

Christophe de Margerie, the world’s first ice-breaking liquefied natural gas (LNG) tanker, became the first ship to dock at the Yamal LNG terminal at Russia’s port of Sabetta on March 30 after completing its ice trials.

SCF: Northern Sea Route’s Traffic Volume Set to Triple by 2020

Commercial shipping in the Arctic will undoubtedly continue to grow strongly, according to Evgeny Ambrosov, Senior Executive Vice-President of Russian shipping company Sovcomflot.

World’s 1st Icebreaking LNG Carrier Joins Sovcomflot

The world’s first icebreaking liquefied natural gas (LNG) carrier has been delivered to its Russian owner, shipping company Sovcomflot, according to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).

SCF Group’s Net Profit Falls amid Soft Spot Tanker Rates

PAO Sovcomflot (SCF Group), Russia’s largest shipping company, reported a net profit of USD 206.8 million for 2016, down by 42 pct from the previously booked USD 354.5 million in 2015 amid market volatility.

Minister: Sovcomflot’s Privatization Not Expected Before May

The privatization of the Russian shipping major Sovcomflot will not be carried out before May, 2017, Russia’s Economy Minister Maxim Oreshkin is quoted as saying by the country’s TASS news agency.

Sovcomflot Inks USD 180 Mn Credit for Shuttle Tanker Duo

Russian shipping company Sovcomflot and the country’s bank Sberbank signed a memorandum of understanding (MOU) paving the way for a new USD 180 million long-term credit agreement to finance two Panamax Arctic shuttle tankers.