BF Tanker’s orders at Oka face the chop

Oslo: The future of Russian inland specialist Balt Flot Tanker (BF Tanker) is in doubt as Moscow chops subsidies as the economy nosedives.

According to local newspaper Kommersant, up to seven out of 10 combination carrier newbuilds at Oka Shipyard could be chopped as the state has pulled its financing of interest rates on loans.

BF Tanker is building a series of unique 5,700 dwt multi-product carrier type vessels, designed for the transport of clean and dirty petroleum products as well as dry bulk and general cargoes carried on deck. One of the ten has been delivered late last year.

Both BF Tanker and Oka are owned by Russia’s Universal Cargo Logistics Holding.


Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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