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26 July 2007
10:32seaSeaNews Club materialSovcomflot Signed a Co-operation Agreement
On July, 25 Bank VTB and Sovcomflot signed an agreement stipulating further development of mutually beneficial co-operation between the parties, reports the press-center of the bank. On behalf of VTB the Agreement was signed by Andrey Kostin, VTB Chairman & CEO, Sovcomflot was represented by Sergey Frank, President & CEO of the shipping company. The agreement provides for promoting co-operation between VTB and Sovcomflot in solving the current and strategic tasks faced by the company.
Rating: 1089
20 June 2007
18:47seaSeaNews Club materialPutin signs decree to merge Novoship and Sovcomflot
On June 20, at the meeting with the head of "Sovcomflot" Sergey Frank Russian president Vladimir Putin said that he had signed a decree on the merging "Sovcomflot" and "Novoship". According to this decree the government will transfer its share in "Novoship" to "Sovcomflot" to create the largest shipping company in Russia, repots RIA Novosti. As the result of the merger the company is expected to become the fifth largest tanker company in the world.
Rating: 2071
27 February 2007
17:06projectsSeaNews Club materialSovcomflot and Novoship to Look for Common Approaches and Principles
Taking into account the project of the state shares consolidation in Sovcomflot, JSC and Novoship, JSC the Sovcomflot Board of directors proposed to develop common methodological approaches and principles for predicting industrial and financial figures for both companies, said Igor Shuvalov, Chairman of the Sovcomflot Board, at its meeting on February, 26 of 2007. Earlier, after his meeting with Sergey Frank, CEO of Sovcomflot, in Moscow on February, 13 Sergey Terekhin, President of Novoship told the press that the two companies would develop "new common project in future".
Rating: 802
13:18seaSeaNews Club materialSovomflot Invests in Newbuildings
The Sovcomflot Board of directors examined the prossess and prospects of the group's shipbuilding program realization at their meeting on February, 26 of the year 2007.
Rating: 1767
10:53seaSeaNews Club materialSovcomflot Board Meeting
The Sovcomflot Board of directors examined some financial-industrial issues and the issues of organization at their meeting on February, 26 of the year 2007.
Rating: 1629
26 January 2007
12:19seaSeaNews Club materialRosneft Inks Deal with Sovcomflot
Russian shipping giant Sovcomflot has established a management joint venture with compatriot oil company Rosneft, reports TradeWinds.
Rating: 1767
20 November 2006
18:50seaSeaNews Club materialSovcomflot Signs Loan Agreement
On November November 20, 2006 Sovcomflot Group and German bank HSH Nordbank AG have signed a Loan Agreement of $434 mn today.
Rating: 953
16 November 2006
14:17seaSeaNews Club materialSovcomflot Posts 9 months Results
16 November at the board of directors session of JSC Sovcomflot the financial results for 9 months of 2006 were declared as well as the forecasts. The fleet operation income made $380,4 mln.
Rating: 784
12:03seaSeaNews Club materialSovcomflot Starts LNG Operations
On 7 and 13 November 2006 respectively Sovcomflot took delivery of mv SCF Polar and mv SCF Arctic, two 70,218 cbm membrane-type ice class LNG carriers acquired from BG Group.
Rating: 899
30 October 2006
14:49seaSeaNews Club materialTanker Tavrichesky Bridge Delivered to Sovcomflot (photos)
30 October 2006 at Admiralty Shipyard the sixth tanker was delivered for JSC Sovcomflot.
Rating: 1065
26 October 2006
09:25NovoshipSeaNews Club materialNo Way For "Sovcomship" Mix
Mergin of two biggest Russian shipping companies Sovcomflot and Novoship might take a long time.
Rating: 953
2 August 2006
23:11Sergey FrankSeaNews Club materialSovcomflot profit leaps 40%
Russian state owned shipowner Sovcomflot has logged a net profit of $86m for the first six months of 2006, compared to a $60m profit during the same period last year.
Rating: 946
24 July 2006
10:50seaSeaNews Club materialSovcomflot Signs MoU with Korean KEXIM Bank
On July 22, Sovcomflot SCEO Sergey Frank signed in St.
Rating: 1069
11 July 2006
16:25seaSeaNews Club materialSovcomflot and Shevron Signed MoU (Photo report)
Talks between the top management of Sovcomflot and the top management of Chevron Shipping Company LLC took place at Sovcomflot Moscow office on 11 July 2006.
Rating: 1572
17 May 2006
17:49seaSeaNews Club materialFive New Tankers for Sovcomflot
Sovcomflot JSC plans to order 3 more tankers in addition to the series iof 47 th.tons dwt vessels at the Admiralty Shipyard JSC.
Rating: 1234
27 February 2006
16:55seaSeaNews Club materialFrank Scoops Newsmaker Award
Sergey Frank, chief executive and president of Sovcomflot, was named the first Lloyd's List Newsmaker of the Year at a gala award ceremony in London Thursday evening, according to Lloyd's List.
Rating: 1141
26 December 2005
16:18Sergey FrankSeaNews Club materialPlans and Forecasts of Sovcomflot
Sergey Frank, head of Sovcomflot JSC announced the plans of the company for the years 2006-2009.
Rating: 1143
11 November 2005
08:53conferenceSeaNews Club materialSovcomflot Plans to Attract 2 Syndicated Credits
In 2005 Sovcomflot JSC plans to attract 2 syndicated credits.
Rating: 932
26 October 2005
11:13seaSeaNews Club materialBoard of Directors of Sovcomflot Holds Meeting
On October 25 2005 Board of Directors of Sovcomflot JSC held a meeting concerning the results of the company in H1 2005 including exploitation profit and discussed the forecast and plans for the year 2006.
Rating: 765
12 October 2005
09:41seaSeaNews Club materialToo Many Ice-Class Tankers
Russia's most powerful shipowner, Sergey Frank, believes the only way to beat the looming glut of ice class tankers is to seek out industrial deals that call for more than standard specification vessels.
Rating: 871
 
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