Novoship set to slash operating costs by 10 percent
Novorossiysk Shipping Company (Novoship), part of SCF Group has announced its plans to cut ships operating costs per vessel by 10% within the next five years, the company's official said.
Novoship Technical Department Managing Director Nikolai Zinenko said the cost of lube and fuel has been reduced through the introduction of innovations. It's about applying the Slow Steaming concept, which is used by SCF Group of SCF and helps slash fuel consumption by 10 tons / day at the operating speed reduction to 3 knots. The company saves expenses and at the same time reduces emissions.
"In the next five years, the fleet upgrade costs will increase,” Nikolay Zinenko said. “This is due to the equipment to be installed on board 14 vessels to comply with the Convention for the Control and Management of Ships' Ballast Water and Sediments and on 8 ships of the equipment for updated requirements of MARPOL Annex VI. Despite this, we expect maintenance cost savings of about 10% versus the 2011 budget per a single vessel. At the same time, the required safety and the quality of services will be ensured.
Novorossiysk Shipping Company is Russia's largest shipping company in the Black Sea. Novoship's fleet consists of 49 vessels with a total deadweight of more than 4.5 million tons. The average age of the carrier’s tankers is 6.6 years. The market value of the company’s fleet is about $ 1.9 billion
