Sovcomflot Scores USD 149 Mn Loan for Atlanticmax LNG Carrier

Sovcofmlot vesselIllustration; Image by WMN

Russian shipping company Sovcomflot (SCF Group) has signed a new USD 149 million loan to finance the construction of a new generation 174,000 cbm Atlanticmax LNG carrier.

The 10-year long credit facility was secured by a consortium of three banks: ING Bank, KfW IPEX-Bank GmbH, and Crédit Agricole Corporate and Investment Bank.

“This is the fifth successful international debt financing accomplished by SCF Group in 2018, which further strengthens the Group’s liquidity position and, despite challenging conditions in the global financial and shipping markets, enables it to address its upcoming financial requirements,” Nikolay Kolesnikov, Senior Executive Vice-President & CFO of Sovcomflot, said.

The vessel will feature a slow-speed tri-fuel X-DF diesel engine and gas boil-off partial liquefaction system. The LNG carrier will operate on long-term charters with Total Group.

The company’s fleet includes 147 vessels with a total deadweight of 12.7 million tonnes. Out of these 80 vessels have an ice class, and 13 of them are gas carriers.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >