The short-listing of Sovcomflot for this award is the second time this year that this credit transaction has received external acclaim. In the first quarter of 2013, the international publication Marine Money recognised this transaction by bestowing its ‘Editor’s Choice Award’. The award reflected the successful execution of this facility with a high degree of difficulty, given the limited availability of credit and challenging tanker market conditions. Commenting on the Lloyd’s List award short-listing Nikolai Kolesnikov, Executive Vice President of OAO Sovcomflot, Chief Strategy and Financial Officer, said: “We are pleased that this internationally-backed refinancing facility has once again been highlighted for its successful outcome, at a challenging time for arranging credit within our industry. The facility reflects the long-standing support of our international financial partners and the confidence they have in our business going forward. Importantly, the funds raised enabled OAO Sovcomflot to optimise its debt repayment profile and strengthen its liquidity position. We await with interest the final outcome of this year’s Lloyd’s List Global Awards.” SCF Sovcomflot (OAO Sovcomflot) is Russia’s largest shipping company and a world leader in hydrocarbon transportation by sea, as well as offshore exploration and the extraction of oil & gas. The SCF fleet specialises in hydrocarbon shipping in challenging icy conditions and includes 160 vessels (owned and chartered), with a combined deadweight of over 12 million tonnes. One third of these vessels are classified as high ice class. Sovcomflot supports large-scale offshore energy projects in Russia and the rest of the world, including: Sakhalin-I, Sakhalin-II, Varandey, Prirazlomnoye, Tangguh, Escobar, and Peregrino. The company is registered in St. Petersburg and has representative offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid, Singapore and Dubai. www.scf-group.ru Sovcomflot Press Office |