SCF, Novatek JV orders 10 LNG carrier newbuildings from Zvezda

Photo: SCF Group

Smart LNG, a joint venture of Russian companies SCF Group and Novatek, has entered into agreements with VEB.RF Group and Zvezda Shipbuilding Complex for the construction and lease of 10 icebreaking LNG carriers in a series.

Simultaneously, Smart LNG has entered into long-term time charter agreements for these 10 vessels with Arctic LNG II, the operator of the Arctic LNG II project.

The Russian Maritime Register of Shipping (RS) will provide supervision during the construction of the vessels, all of which will sail under the Russian flag.

Contracts for 15 such vessels have now been signed by the parties. These contracts include shipbuilding, financing, lease, and time charter contracts.

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