Sovcomflot ends JV with Swire Pacific Offshore, acquires PSV pair

Sovcomflot ends JV with Swire Pacific Offshore, acquires PSV pair

Sovcomflot and Singapore’s Swire Pacific Offshore have ended a three vessel joint venture established in 2006, resulting in the Russian company acquiring two multi-purpose icebreaking platform supply vessels from Swire.

Sovcomflot has acquired the Pacific Endeavour and Pacific Enterprise, Swire’s contribution to the JV, and now exclusively owns, operates and manages all three vessels previously part of the joint venture.

The vessels are under long-term time charter contracts with Sakhalin Energy operating at the Sakhalin-2 project. They will continue to be used for the delivery of supplies and consumables to three production platforms in the Sea of Okhotsk.

Sovcomflot also operates three Aframax shuttle tankers independently and two LNG tankers, in partnership NYK Line, under long-term time charter contracts with Sakhalin Energy.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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