Sovcomflot CEO to Step Down, Assume Role of Board Chairman

By Gleb Stolyarov and Darya Korsunskaya MOSCOW, Sept 17 (Reuters) - Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday. Frank will give up operational control of Sovcomflot and take over as chairman of the company's … [Read more...]

LNG-Fueled Tanker Completes First Commercial Voyage from Russia to Rotterdam

SINGAPORE, Oct 25 (Reuters) - A crude oil tanker owned by Russian state-owned shipping company Sovcomflot has completed its first voyage across the Baltic and North Seas operating on liquefied natural gas (LNG), the company said on Wednesday. The Aframax tanker Gagarin Prospect delivered a cargo of 104,815 tonnes of crude oil from Primorsk to Rotterdam, the company said in a … [Read more...]

Shell Time Charters Two Pioneering LNG-Powered Tankers from SCF Group

Russian state-owned shipping company SCF Group has signed time charter agreements with a unit of Royal Dutch Shell for the charter of two of the world's first LNG-powered oil tankers. The signed agreements mark the next step in SCF Group's effort to construct six Aframax tankers powered by a combination of liquefied natural gas and heavy oil. The vessels are currently under … [Read more...]