Page 20 - GLNG Week 03 2021

GLNG NEWS IN BRIEF GLNG

oxide emissions by up to 100%. Looking to
the future, these vessels have sparked the
necessary change toward climate-neutral
shipping in the maritime industry.
The vessel will be managed by SCC’s
sister company – Siem Ship Management
based in Gdynia, Poland. While in Emden,
the experienced management and crew
took all precautions necessary to ensure safe
bunkering of LNG for the vessel.
SIEM CAR CARRIERS, January 19, 2021

Russian maritime major
Sovcomflot gets new LNG

tanker

Russian maritime shipping major Sovcomflot
(SCF Group) has announced the delivery of
a new 0.174mn cubic metre liquefied natural
gas (LNG) carrier SCF Timmerman, operated
under a long-term time charter agreement
with Royal Dutch Shell.
SCF is a major player in the Russian
GTT will design the tank, which will services through a second bay. development of the Arctic maritime routes
be fitted with the Mark III Flex membrane Through this initiative, Dunkerque LNG and hydrocarbon exploration, operating
containment system. The delivery of this wants to understand the market’s interest, tankers and icebreakers. The shipping major
vessel is scheduled for the second quarter of its needs and expectations regarding these has also started testing the navigation of
2023. services. This phase will be followed by unmanned tankers.
This order is the first of the year for GTT. bilateral discussions in order to delve in more In December 2020 SCF received additional
It follows a series of 29 LNG carriers orders detailed discussions. subsidies for contracting Arctic vessels at
received in the second half of 2020. GTT DUNKERQUE LNG, January 18, 2021 the Zvezda shipyard controlled by oil giant
recalls that these orders, except for one, will Rosneft.
be delivered over a longer period than usual, Siem Car Carriers’ fleet Sberbank CIB on January 18 estimated
spreading over 2023 to 2025. that the SCF Timmerman vessel would add
GTT, January 18, 2021 continues to grow with around $23mn in revenues per year, which
is already incorporated into the valuation
Dunkerque LNG: request for super-eco, LNG-powered model.
“Because it operates under long-term
interest (RFI) PCTC vessels contracts with fixed rates, the recent rally in
LNG spot rates does not provide support to
As from January 18 until February 12 2021, The Siem Aristotle, the second of two ships, is SCF’s LNG business,” analysts commented.
Dunkerque LNG is running a request for on her maiden voyage from Emden, Germany “On the other hand, though SCF is on the
interest regarding its small-scale services. to North America. The ship’s first bunkering path toward realising its aim of moving away
Being a key infrastructure player in commenced, taking on over 800MT of from spot contracts – which are very volatile
North-Western Europe, Dunkerque LNG eco-friendly LNG fuel. Nearly 4800 cars for by nature – to fixed-rate long-term contracts
is actively involved in developing the small- VKWL were loaded, bound for Canada, USA with oil and gas majors around the world,
scale LNG market. In 2020, a Truck Loading and Mexico! The vessel is 200 metres long, a substantial part of its vessel portfolio still
bay offering 3,000 slots per year has been 38 metres wide with a maximum draft of serves as spot tankers for the transport of oil
launched commercially and a jetty adaptation 10 metres and her sailing speed of up to 19 and oil products,” Sberbank CIB added.
was completed in order to enable reloading nautical miles per hour. The Aristotle recently When the spot tanker rates start to recover,
and unloading services for Small Scale LNG made port calls in Halifax, NS, Baltimore MD investor interest in SCF is expected to pick
vessels (with a capacity from ~5,000 m3) with and Vera Cruz, MX. up, Sberbank CIB argues, adding that this
the aim of a commercial launch in the course Operating exclusively for Volkswagen is dependent primarily on demand for oil
of 2021. Group, the Aristotle is the second products expanding, thus entailing increased
Dunkerque LNG values the small-scale instalment in Siem Car Carriers’ fleet that is transport of oil and oil products.
LNG market and is, in addition to the revolutionising how long-distance shipping The company, long primed for
ongoing improvement projects, considering is conducted. Fuelled by liquid natural gas, privatisation, held an IPO of 17.2% of its
the construction of a second jetty for Large it reduces carbon dioxide emissions by up to shares on Moscow Exchange in October 2020,
Scale and/or Small Scale services as well as 25%, nitrogen oxide emissions by up to 30%, with the state now controlling 82.8%.
the potential expansion of its Truck Loading particulate matter by up to 60% and sulphur

P20 www. NEWSBASE .com Week 03 22•January•2021