- TCE revenues USD 274.4 million (Q1 2016: USD 290.8 million)
- EBITDA USD 161.2 million (Q1 2016: USD 193.6 million)
- Net profit USD 39.9 million (Q1 2016: USD 103.1 million)
- World’s first ice-breaking LNG tanker, Christophe de Margerie (Arc7 and 172,600m3 cargo capacity), delivered and entered in long-term time-charter agreement with Yamal LNG.
- New ice-breaking platform supply vessel (IBSV) for Sakhalin-2 project named Gennadiy Nevelskoy delivered to serve the Sakhalin II project for 20 years under the long-term time-charter agreement with Sakhalin Energy Investment Company
- New order of innovative LNG-fuelled 1A ice-class Aframax tankers enabling year-round export operations from the Russian Baltic. Vessels be the first LNG-fuelled Aframax tankers in the world, ships to come into operation starting from Q3 2018.
- USD 174 million 15-year credit facility raised from Sberbank, to refinance two Arctic shuttle tankers (Mikhail Ulyanov and Kirill Lavrov) servicing Prirazlomnoye project
- Tanker Shturman Albanov named Ship of the Year at 2017 Marine Propulsion Awards
- SCF’s USD 750 million 7-year bond offering received ‘Institutional Debt Deal of the Year 2016’ award by Marine Money (an international maritime finance publication)
Sovcomflot demonstrates resilience amid tanker market slowdown
posted by AJOT | May 23 2017 at 12:41 PM | Maritime
Tanker freight market experiences significant headwinds, with some spot market segment TCE rates down over 40* per cent year-on-year. However, diversified fleet and balanced freight policy enable SCF Group to outperform peer group
Q1 2017 Highlights: