PAO Sovcomflot (SCF Group) has reinforced its move to embrace Liquefied Natural Gas (LNG) as a fuel for marine transportation by placing orders with Zvezda Shipbuilding Complex for two next generation large-capacity Aframax tankers. VEB-Leasing will finance the construction of the tankers, whilst a subsequent 20-year time-charter for them has been agreed with Rosneft following an exchange of signatures at the 4th Eastern Economic Forum in Vladivostok.
The signing ceremony was attended by Vladimir Putin, President of the Russian Federation. The ceremony participants were: Sergey Frank, President and CEO of PAO Sovcomflot; Igor Sechin, CEO, Chairman of the Management Board, Deputy Chairman of the Board of Directors of Rosneft, and Artem Dovlatov, Head of VEB-Leasing.
The vessels will have a deadweight of 114,000 tonnes and a 1A/1B ice class, which makes them able to operate all year round in areas with difficult ice conditions, including sub-Arctic seas and Russian ports of the Baltic region.
The technical specification of the tankers reflects the regulatory limits on sulphur, nitrogen and greenhouse gas emissions, which will come into effect for the Baltic and North Seas in 2020. The vessels were designed by SCF’s team with involvement of the Far Eastern Shipbuilding and Ship Repair Centre (FESRC) and Hyundai Heavy Industries (Republic of Korea), a technological partner of Zvezda Shipbuilding Complex.
These next generation tankers, designed to operate on LNG fuel, provide for a low level of human impact on the environment. Tankers fuelled by LNG significantly reduce emissions of harmful substances: sulphur oxides (SOx) by 100 per cent; nitrogen oxides (NOx) by 76 per cent and carbon dioxide (CO2) by 27 per cent, when compared with similar vessels operating on heavy fuel.
PAO Sovcomflot (SCF Group) is one of the world’s leading shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as the servicing of offshore oil and gas exploration and production. The company’s own and chartered fleet includes 147 vessels with a total deadweight of 12.7 million tonnes. 79 vessels have an ice class.