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SMART LNG Orders 10 LNG Carriers for Arctic LNG 2 from Zvezda Shipyard

Logistic News - Published on Mon, 14 Sep 2020

Image Source: SMART LNG Carriers Arctic LNG 2 Zvezda Shipyard
SMART LNG, a joint venture of SCF Group and NOVATEK, has signed contracts with VEB.RF Group and Zvezda Shipbuilding Complex to construct and lease ten icebreaking Arc7 LNG carriers. Simultaneously, SMART LNG signed long-term time charter agreements for these ten vessels with Arctic LNG 2, the operator of the Arctic LNG 2 project.In total, contracts for 15 such vessels have now been signed, including shipbuilding, financing, lease, and time charter contracts. The contracts for the lead ship in the series were signed by SCF Group in October 2019, and the contracts for another four sister ships were signed by SMART LNG in January 2020.

SCF Group continues to implement its strategy, with the goal of steadily growing the Company’s value through expanding its portfolio of long-term industrial shipping contracts, with a special focus on operations in challenging climatic and ice conditions. With ten long-term time charters added to this portfolio, SCF Group has USD 20 billion in contracted future earning and receivables.

The vessels will be operated under the Russian Federation flag. The Russian Maritime Register of Shipping will provide supervision during the construction of the vessel series.

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Posted By : Yogender Pancholi on Mon, 14 Sep 2020
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