Business scope

Sovcomflot specialises in the maritime transportation of crude oil and petroleum products, LNG and associated gas, and is able to operate in regions with heavy ice coverage. The group’s vessels service oil & gas projects on Russia’s continental shelf, undertake complex geophysical exploration at offshore hydrocarbon fields, and undertake international cargo shipping.

Transportation of crude oil and petroleum products

Sovcomflot is one of the world’s largest shipping companies and tanker operators. It is responsible for over 5% of the total volume of global shipments of oil and petroleum products. The company is the outright leader in the Aframax, ice-class tankers and Arctic shuttle tankers, and is one of the leaders in the MR product carrier sector.

The oil tanker and oil product divisions of the SCF fleet are the company’s largest operating departments, working to the demands of Russian and international clients. As of 31 December 2014 the fleet comprised 125 tankers with a combined deadweight of over 10 million tonnes. In 2014 the oil tanker division put the two largest VLCC tankers in the history of the Russian commercial fleet – Svet and SCF Shanghai – into operation.

These divisions transport crude oil and light and heavy petroleum products, including benzene, diesel fuel and heavy fuel oil. Some vessels are engaged in the implementation of programmes to open up high-latitude Arctic routes, while others operate under joint ventures with the leading global oil traders.

LNG and LPG transportation

Sovcomflot Group’s gas division provides services in the transportation of liquefied natural gas (LNG) and liquefied petroleum gas (LPG).

As of 31 December 2014 SCF Group’s gas fleet comprised 10 LNG carriers, with three more under construction. One of these, SCF Melampus, became part of the fleet at the beginning of 2015; the remaining two, one of which is an Arctic tanker for the Yamal LNG project, will be put into operation in 2016.

Gas shipping is one of the top priorities of PAO Sovcomflot’s development strategy. The division operates under long-term contracts with the world’s leading charterers. In 2014 the fleet acquired two new state-of-the-art LNG carriers, the Velikiy Novgorod and Pskov. At the same time, two ageing vessels were taken out of service – the SCF Arctic and SCF Polar, having set records for LNG carriers worldwide for unblemished service. These ships’ outstanding service was made possible by the extremely high level of the fleet’s technical maintenance.

Servicing oil & gas projects on the continental shelf

SCF group has a division which provides the full range of services in offshore oil & gas production, including the fitting out and servicing of drilling platforms, terminal management, and safe shuttle transportation of oil from offshore fields in challenging climatic conditions. Vessels operate under long-term contracts, fulfilling the transport requirements of projects such as Sakhalin-1, Sakhalin-2, Varandey and Prirazlomnoye. This division’s fleet has 13 ice-class shuttle tankers and four ice-breaking supply vessels.

Offshore geophysical exploration is a developing area of the company’s activity. The research vessel Vyacheslav Tikhonov became the first ship in this class to join the ranks of the Russian fleet, and has since completed a series of exploration projects for the large-scale oil & gas companies OAO Rosneft and OAO Gazprom.

Dry cargo fleet

The SCF fleet has three Panamax bulkers, all of which have ice class. In addition to their ice class, which allows these vessels to operate in the winter out of ports in the Gulf of Finland and Canada, the NS Energy and NS Yakutia, added in 2012-2013, have notations certifying their high environmental protection standards from the classification society ENVIRO.

These ships operate on the international dry cargo markets: coal, grain, iron ore, potash and fertilisers. During summer navigation in 2013 the NS Yakutia made the first passage across the Northern Sea Route, carrying iron ore concentrate as part of the programme to open up high-latitude Arctic routes between the Atlantic and Pacific Oceans.