Sovcomflot

Sovcomflot

Infobox Company
name = Sovcomflot

type = State-owned (100%) corporation
genre =
foundation = 1995
founder =
location = Saint Petersburg
area_served = Worldwide
key_people = Sergey Naryshkin, Sergey Frank
industry = Shipping
products =
market c

revenue = USD 510 million ("2005")
operating_income =
net_income = USD 179 million ("2005")
assets =
equity =
num_employees =
divisions =
slogan =
homepage = http://www.sovcomflot.ru/

Sovkomflot ( _ru. ОАО «Совкомфлот», ОАО «Современный коммерческий флот», Modern Commercial Fleet) is Russian maritime shipping company specializing in petroleum and LNG shipping, a 100% state-owned corporation founded in 1995. Since December 52006, its headquarters are located in Saint Petersburg. It is headed by Director General Sergei Frank. In 2007-2008 Sovcomflot absorbed the assets of state-owned, Novorossiysk-based Novoship and thus became the largest shipping company in Russia.

History

In 1973 the Government of the USSR decreed formation of a special shipping corporation, separated from the regular state-owned marine fleet, that could use long-term bare boat charter scheme for purchasing new and used foreign-built vessels. In 1976 the Ministry of Merchant Marine institited a special fund and the newly formed corporation used it to acquire two 40,000 ton (deadweight, DWT) dry cargo transports - "Sovfracht" and "Sovinflot".

In 1988 these operations were reorganized as "Sovcomflot Joint-Stock Company" ("SCF"), a one-of-a-kind state-owned corporation with special authorization by the USSR Council of Ministers. By 1990 its assets reached 1,800,000 DWT tons. A further reorganization in June 1995 confirmed the special status of "Sovcomflot" as a state-owned business, effective to date (July 2008).

In June 2007 Vladimir Putin authorized merger of Sovcomflot and Novoship; the state 'invested' its share in Novoship (50.34%) in Sovcomflot capital. [ [http://www.rg.ru/2007/06/21/novoship.html Rossiyskaya Gazeta, June 21, 2007] ] The legal procedures were completed in early 2008 and in January 2008 Sovcomflot offered a stock buyout to the remaining minority shareholders of Novoship. [ [http://www.rbcdaily.ru/2008/01/11/industry/312790 RBC Daily, 11.01.2008] ] The integration of Novoship assets into Sovcomflot operations continues as of August, 2008 (fleet management and sales were unified in July, 2008). [ [http://www.nnvrsk.ru/?article=1640 Nash Novorossiysk, July 24, 2008] ]

Fleet

As of January 2005, according to the Maritime Board ("Morskaya Kollegiya") of the Russian Government, Sovcomflot owned 45 vessels, with the total capacity of 3,263,000 tons. [ [http://www.morskayakollegiya.ru/morsk/morskie_i_rechny/nalichie_morskog/ Морская коллегия: Наличие морского транспортного флота, контролируемого Россией] (Maritime Board: Russia's Merchant Marine) ru icon]

As of July 2008, the company operates 101 tanker with 8,352,000 deadweight ton capacity, 9 dry cargo vessels with 135,000 deadweight ton capacity, 6 LNG carriers and one passenger vessel (SS Maxim Gorkiy). According to Sovcomflot statement, the company's tanker fleet is one of the youngest in the world, with an average age of 5.7 years. [ [http://www.sovcomflot.ru/pages.aspx?cs=1&cid=19&cs2=1 Sovcomflot website. Summary] ] Most recent additions, spherical-hold LNG carriers "Grand Aniva" and "Grand Elena", were delivered in January 2008 and October 2007. [ [http://www.sovcomflot.ru/pages.aspx?cs=4&cid=3&parm=@id=138&templ=vessel MS Grand Aniva specifications] ] [ [http://www.sovcomflot.ru/pages.aspx?cs=4&cid=3&parm=@id=137&templ=vessel MS Grand Elena specifications] ] Four Aframax class tankers (114,000 DWT tons each), three Panamax class tankers (70,000 DWT tons each), two membrane-type LNG carriers (73,300 DWT tons each) are under construction in South Korean shipyards. [ [http://www.sovcomflot.ru/pages.aspx?cid=3&cs=4&parm=@type=AM$@lang=EN$@type_search=AFRAMAX&templ=vessel_list_type List of Aframax tankers] ] [ [http://www.sovcomflot.ru/pages.aspx?cs=4&cid=3&parm=@id=114&templ=vessel List of membrane LNG vessels] ] Most of Sovcomflot ships operate under Liberian registry (flag of convenience).

Management

As a 100% government-owned company with global presence, Sovcomflot board of directors is usually headed by executives from the Presidential Administration of Russia. In July 2007 Igor Shuvalov, aide to Vladimir Putin, long-time chairman of the board, was replaced by Sergey Naryshkin, chief of staff of Presidential Administration. Other directors are: Andrey Kostin (Vneshtorgbank), Yury Medvedev, Alexander Misharin, Gleb Nikitin, Charles Ryan (of Deutsche Bank), Aleksey Sokolov, Elena Titova (Morgan Stanley), Alexander Tikhonov, Sergey Frank (chief executive).

Sergey Frank controls the operations as CEO since October of 2004. The Management Board also includes Sergey Burima (operations), Nicholas Fairfax (London operations), Andrey Khlunev (accounting), Nikolay Kolesnikov (finance), Aleksandr Kurtynin (audit), Callum Ludgate (charter and gas), Vladimir Mednikov (law), Sergey Popravklo (Cyprus operations). [ [http://www.sovcomflot.ru/pages.aspx?cs=2&cid=22&cs2=3 Sovcomflot website. Management board] ]

Notes

External links

* [http://www.sovcomflot.ru/ Official website]


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • SS Maxim Gorkiy — Not to be confused with Soviet cruiser Maxim Gorky. SS Maxim Gorkiy in Helsinki, Finland in June 2006. Career …   Wikipedia

  • Double acting ship — MT Tempera, the first double acting tanker, breaking ice astern Double acting ship (DAS) is a type of icebreaking merchant ship designed to run ahead in open water and astern (in layman s terms, backwards) in ice. Such ships can operate… …   Wikipedia

  • Nicholas Fairfax, 14th Lord Fairfax of Cameron — Nicholas John Albert Fairfax, 14th Lord Fairfax of Cameron (born 4 January 1956) is the current (as of 2009) holder of the title Lord Fairfax of Cameron, succeeding Thomas Fairfax, 13th Lord Fairfax of Cameron (1923 64). Lord Fairfax was educated …   Wikipedia

  • Club Cruise — was a Holland based cruise ship company, that charterede vessels to other operators, including Transocean Tours and Phoenix Reisen. The company had also operated ships under its own brands, first in 1999 on short cruises from the Netherlands[1]… …   Wikipedia

  • Совкомфлот — ОАО «Совкомфлот» Тип Откр …   Википедия

  • List of ship companies — This is a list of the world s ship operating companies listed alphabetically by continent and country. This list includes companies both operating now and in the past.Africa Algeria *Algerie Ferries *hyproc Egypt *El Salam Maritime *International …   Wikipedia

  • Orient Lines — Type Subsidiary Industry Cruise line Founded 1991 Founder(s) …   Wikipedia

  • Azipod — is the registered brand name of the ABB Group for their azimuth thruster. Originally developed in Finland by Wärtsilä dockyards, these are marine propulsion units consisting of electrically driven propellers mounted on a steerable pod. The pod s… …   Wikipedia

  • Single-handed sailing — The sport of single handed sailing is sailing with only one crewmember (ie. only one person on board the vessel). The term is usually used with reference to ocean and long distance sailing, and particularly competitive sailing. Terminology In… …   Wikipedia

  • Oil tanker — Supertanker redirects here. For the aerial firefighting aircraft, see Evergreen 747 Supertanker. The commercial oil tanker AbQaiq, in ballast Class overview Name …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”