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BF Tanker signs contracts for construction of 7 cargo ships

Shipping Company BF Tanker LLC has signed the contracts for construction of 7 sea/river type tankers at Krasnoye Sormovo (United Shipbuilding Corporation) and Okskaya Shipyard (UCLH). The contracts involving (STLC PJSC) have been signed today, September 23, in the framework of NEVA-2015, the International Maritime Exhibition and Conferences of Russia, IAA PortNews journalist reports. 

The Company will get three RST-54 tankers (combination carriers) and four RST-27 tankers. Okskaya Shipyard will build 5 vessels (two RST-27 tankers and three RST-54 tankers), Krasnoye Sormovo  -2 RST-27 tankers. 

The contracts were signed by Sergei Khramagin, Director General of STLC; Nikolai Zharkov, Director General of Krasnoye Sormovo; Sergei Chaplygin, Chairman of BF Tanker BoD;  Denis Samsikov, Executive Director of Okskaya Shipyard, in the presence of Victor Olersky, Deputy Transport Minister of Russia, and Yevgeny Zagorodny, USC Vice-President for Civil Shipbuilding. 

Under the contracts, all 7 oil tankers are to be built by the beginning of river navigation of 2016. Thus, the company will continue carrying oil products for its major client, LUKOIL, by newly built efficient and safe fleet, which is a priority for the ship owner. In 2016, the Company is going to carry some 1 mln t of oil products. 

Under the contract with LUKOIL, BF Tanker deploys the fleet consisting of 17 own and chartered units: 9 river/sea type tankers, and 8 river going ATB units. All the vessels have undergone technical inspection of LUKOIL. 

Recent years have seen more state-of-the-art vessels of river/sea type under construction in Russia due to the state support of shipbuilding and shipping industry through RF Government Decree dated 22.05.2008 (No 383) “On Approving the Rules of Granting Subsidies to Russian Transport Companies and Shipping Lines to Compensate for Part of the Cost of Interest on Loans Obtained from Russian Lending Institutions in 2008-2010 to Purchase Civilian Vessels Built at Russian Shipyards as well as lease payments under lease contracts concluded in 2008-2010 with Russian leasing companies to acquire civilian vessels built at Russian shipyards” and Federal Law No 305 “On Support of Domestic Shipping and Shipbuilding”. 

BF Tanker is go to place more orders at Russian shipyards if market situation is favorable and state programme on fleet support is continued, Sergei Chaplygin said after the ceremony. “All the vessels will operate at the routes along which LUKOIL, Russia’s largest private oil company interested in safe supply chain, is transporting its export products. New tankers will ensure an additional opportunity for our Company to carry a wider range of export products. We are not going to stop at this project”, he commented.  

BF Tanker is a part of an investment group focusing on shipping and logistics. The company is a leader in river transportation of oil products to Big Port St. Petersburg. Most of oil products are delivered to the RPK-Vysotsk-Lukoil-II terminal.

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