Sovkomflot
Encyclopedia
Sovkomflot is a Russia
n maritime shipping company specializing in petroleum
and LNG shipping, a 100% state-owned corporation founded in 1995. Since December 5, 2006, 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.
, 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. The legal procedures were completed in early 2008 and in January 2008 Sovcomflot offered a stock buyout to the remaining minority shareholders of Novoship. The integration of Novoship assets into Sovcomflot operations continues as of August, 2008 (fleet management and sales were unified in July, 2008).
As of July 2008, the company operates 101 tankers with 8,352,000 deadweight
ton capacity, 9 dry cargo vessels with 135,000 deadweight ton capacity, 6 LNG carriers and one passenger vessel . 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. Most recent additions, spherical-hold LNG carriers Grand Aniva and Grand Elena, were delivered in January 2008 and October 2007. 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 Korea
n shipyards. Most of Sovcomflot ships operate under Liberia
n registry (flag of convenience
).
The Grand Aniva was featured on Series 3 of the BBC program Richard Hammond's Engineering Connections
.
Two icebreaking
supply vessels were ordered from Arctech Helsinki Shipyard
in December 2010.
. 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 E. 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).
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n maritime shipping company specializing in petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and LNG shipping, a 100% state-owned corporation founded in 1995. Since December 5, 2006, its headquarters are located in Saint Petersburg
Saint Petersburg
Saint Petersburg is a city and a federal subject of Russia located on the Neva River at the head of the Gulf of Finland on the Baltic Sea...
. It is headed by Director General Sergei Frank. In 2007-2008 Sovcomflot absorbed the assets of state-owned, Novorossiysk
Novorossiysk
Novorossiysk is a city in Krasnodar Krai, Russia. It is the country's main port on the Black Sea and the leading Russian port for importing grain. It is one of the few cities honored with the title of the Hero City. Population: -History:...
-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 (deadweightDeadweight
Deadweight may refer to:* Deadweight loss, an economics concept* Deadweight tonnage, a ship's carrying capacity with crew and supplies* "Deadweight" , a song on Beck's 1997 album A Life Less Ordinary...
, 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
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...
authorized merger of Sovcomflot and Novoship; the state 'invested' its share in Novoship (50.34%) in Sovcomflot capital. The legal procedures were completed in early 2008 and in January 2008 Sovcomflot offered a stock buyout to the remaining minority shareholders of Novoship. The integration of Novoship assets into Sovcomflot operations continues as of August, 2008 (fleet management and sales were unified in July, 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.As of July 2008, the company operates 101 tankers with 8,352,000 deadweight
Deadweight
Deadweight may refer to:* Deadweight loss, an economics concept* Deadweight tonnage, a ship's carrying capacity with crew and supplies* "Deadweight" , a song on Beck's 1997 album A Life Less Ordinary...
ton capacity, 9 dry cargo vessels with 135,000 deadweight ton capacity, 6 LNG carriers and one passenger vessel . 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. Most recent additions, spherical-hold LNG carriers Grand Aniva and Grand Elena, were delivered in January 2008 and October 2007. Four Aframax
Aframax
An ' ship is an oil tanker smaller than and with a breadth above 32.31 m. The term is based on the Average Freight Rate Assessment tanker rate system. class tankers are largely used in the basins of the Black Sea, the North Sea, the Caribbean Sea, the China Sea and the Mediterranean...
class tankers (114,000 DWT tons each), three Panamax
Panamax
Panamax and New Panamax are popular terms for the size limits for ships traveling through the Panama Canal. Formally, the limits and requirements are published by the Panama Canal Authority titled "Vessel Requirements"...
class tankers (70,000 DWT tons each), two membrane-type LNG carriers (73,300 DWT tons each) are under construction in South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
n shipyards. Most of Sovcomflot ships operate under Liberia
Liberia
Liberia , officially the Republic of Liberia, is a country in West Africa. It is bordered by Sierra Leone on the west, Guinea on the north and Côte d'Ivoire on the east. Liberia's coastline is composed of mostly mangrove forests while the more sparsely populated inland consists of forests that open...
n registry (flag of convenience
Flag of convenience
The term flag of convenience describes the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the...
).
The Grand Aniva was featured on Series 3 of the BBC program Richard Hammond's Engineering Connections
Richard Hammond's Engineering Connections
Richard Hammond's Engineering Connections is a documentary series originally broadcast on the National Geographic Channel, and later on BBC2. It is presented by Richard Hammond, and looks at how engineers and designers use historic inventions and clues from the natural world in ingenious ways to...
.
Two icebreaking
Icebreaker
An icebreaker is a special-purpose ship or boat designed to move and navigate through ice-covered waters. Although the term usually refers to ice-breaking ships, it may also refer to smaller vessels .For a ship to be considered an icebreaker, it requires three traits most...
supply vessels were ordered from Arctech Helsinki Shipyard
Arctech Helsinki Shipyard
Arctech Helsinki Shipyard is a shipbuilding company in Helsinki, Finland. It was founded in late 2010 as a joint venture between STX Finland Cruise Oy and United Shipbuilding Corporation, when the latter purchased half of the Hietalahti shipyard...
in December 2010.
Management
As a 100% government-owned company with global presence, Sovcomflot board of directors is usually headed by executives from the Presidential Administration of RussiaPresidential Administration of Russia
The Presidential Administration of Russia ) is the executive office of Russia's president created by a decree of Boris Yeltsin on 19 July 1991 as an institution supporting the activity of the president and vice-president The Presidential Administration of Russia (also known as Staff of Russia’s...
. In July 2007 Igor Shuvalov
Igor Shuvalov
Igor Ivanovich Shuvalov is a Russian lawyer and politician. He currently serves as First Deputy Prime Minister in Vladimir Putin's Second Cabinet. According to the order of Prime Minister Vladimir Putin, he is to perform the duty of Prime Minister when Putin is out of office...
, aide to Vladimir Putin
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...
, long-time chairman of the board, was replaced by Sergey Naryshkin
Sergey Naryshkin
Sergey Yevgenyevich Naryshkin is a Russian official, politician and businessman, head of the Administration of the President of Russia from May 2008 and chairman of the Historical Truth Commission from May 2009....
, chief of staff of Presidential Administration. Other directors are: Andrey Kostin (Vneshtorgbank
Vneshtorgbank
Bank VTB , former Vneshtorgbank, is one of the leading universal banks of Russia and the largest in terms of authorized capital....
), Yury Medvedev, Alexander Misharin
Alexander Misharin
Alexander Sergeevich Misharin is the current governor of Sverdlovsk Oblast, a region in Russia. He was appointed in 2009 after resignation of the previous governor, Eduard Rossel.- Biography :...
, Gleb Nikitin, Charles E. Ryan (of Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
), Aleksey Sokolov
Aleksey Sokolov
Aleksey Vladimirovich Sokolov is a marathon runner. He represented his country at the 2008 Summer Olympics. He won the Dublin Marathon twice and was Russia's national marathon champion in 2007...
, Elena Titova (Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
), 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
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
operations), Andrey Khlunev (accounting), Nikolay Kolesnikov (finance), Aleksandr Kurtynin (audit), Callum Ludgate (charter and gas), Vladimir Mednikov (law), Sergey Popravklo (Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
operations).