Prospects of freight market in 2016-17 seen positively by Sovcomflot
The prospects of the freight market in 2016 are seen positively by Sovcomflot, IAA PortNews correspondent refers to Sergey Frank, President and CEO of PAO Sovcomflot, as saying at the Transport Week - 2015. According to him, Sovcomflot’s BoD will approve the budget for the coming year on December 10, 2015.
“We presume that combination of funDamental factors, supply and demand for transportation in all our segments will be positive for a shipowner and can count on quite a good year. Perhaps, it will be slightly up or slightly down against the year of 2015, that was not bad either”, said Sergey Frank. According to him, the outlook for 2017 is also positive.
SCF Group (PAO Sovcomflot) is Russia’s largest shipping company and a world leader in the maritime transportation of hydrocarbons as well as the servicing and support of offshore oil & gas production. The company’s fleet numbers 144 vessels with a combined deadweight of 12.48 million tonnes. SCF Group specialises in the shipping of crude oil, liquefied gas and a wide range of oil products. The Group’s vessels perform complex towing operations and geophysical survey work at offshore oil & gas fields. Sovcomflot supports large-scale offshore energy projects in Russia and overseas, including: Sakhalin-I, Sakhalin-II, Varandey, Tangguh, Peregrino, Prirazlomnoye, Noviy Port, Yamal LNG and others. SCF Group employs over 9,300 personnel both on land and at sea. The company is registered in Saint-Petersburg and has representative offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, Madrid, Singapore and Dubai.