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OJSC Oil Company Rosneft

09/11/2018 | Press release | Distributed by Public on 09/11/2018 01:11

Rosneft, Zvezda Shipbuilding Complex, VEB Leasing and Sovkomflot signed agreements for construction of two Aframax tankers to be subsequently chartered

Rosneft Oil Company, Zvezda Shipbuilding Complex, Arctic Leasing LLC (a VEB Group Company) and SKF ECO LLC (a Sovkomflot Group Company) in the framework of the Eastern Economic Forum signed a number of agreements for construction of two new generation Aframax crude oil tankers operating on LPG with their subsequent long-term chartering.

Chief Executive Officer of Rosneft Igor Sechin, General Director of Sovkomflot Sergei Frank, General Director of JSC VEB-Leasing Artem Dovlatov took part in the ceremony of the exchange of documents.

Therefore, along with the agreements signed at EEF-2018 the portfolio of orders for this type of tankers has grown to 12 units. This is the largest serial order placed at Russian shipyards lately.

According to the documents, Arctic Leasing will place orders for construction of two Aframax-type tankers with 114 thousand tons deadweight at the shipyard, which under the leasing agreement will be put into operation by SKF Eco.

In their turn, Rosneft and SKF Eco will sign two time charter contracts (lease of vessel with a crew) for 20 years for export deliveries of crude oil and petroleum products from the Russian Baltic ports. After the charter period is over the vessels will become the property of Rosneft.

These tankers are new generation vessels powered by gas motor fuel and meeting high environmental standards and new regulations for restriction of Sulphur oxide and green house gas emissions in the Baltic and Northern Seas that will take effect in 2020.

The tankers will be provided to the customer in 2022 and will operate under the Russian flag.

These agreements will facilitate localization of manufacturing of vessel equipment, obtaining of the best practice experience in designing of cargo ships as well as development of shipbuilding and industrial cluster in the Far East of Russia.

Signing of these contracts is a logical follow-up of the agreement with the Far Eastern Shipbuilding Center signed in June, 2014 pursuant to which all Rosneft orders for sea equipment and ships shall be placed with Zvezda.

For reference:

The shipbuilding complex 'Zvezda' is created in the city of Bolshoy Kamen, Primorsky Krai. The shipyard project includes already commissioned and functioning facilities - a block of hull production, painting chambers and an open heavy finishing slipway, as well as the second stage facilities under construction, including a dry dock, full-cycle production workshops, as well as workshops for the construction of offshore marine equipment. The Zvezda shipbuilding complex will produce large-capacity vessels, elements of offshore platforms, ice-class vessels, special vessels and other types of marine equipment.

Rosneft entered into an exclusive agreement with the Zvezda shipyard to place all its orders for the construction of new marine equipment and vessels, as well as concluded contracts for the design, construction and supply:

- four multifunctional ice-class supply vessels; - ten Aframax class tankers; - ten Arctic tankers - shuttles with a deadweight of 42 thousand tons; - Arctic tanker-Shuttle with a deadweight of 69 thousand tons.

Rosneft oil company is a 100% subsidiary of PJSC Rosneft, which implements projects in the field of marine logistics, carrying out activities in the interests of Rosneft for sea chartering and port support, implementation of shipbuilding projects and management of the sea and river fleet.

Rosneft Information Division
Phone: 7 (499) 517-88-97
September 11, 2018

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.