KRASNOYE SORMOVO SHIPYARD CEREMONIOUSLY LAUNCHED A CHEMICAL CARRIER OF A NEW DESIGN RST-27M “BALT FLOT 17” ON THE SEPTEMBER 8, 2017.

The ceremony of launching a chemical carrier of Project RST27M for the company “BF Tanker” was held at the Krasnoye Sormovo shipyard today,8 September 2017.

Distinguished guests, managers and employees of all companies that were involved in designing and constructing the tanker, representatives of the customer and residents of the city took part in the ceremony of launching the ship into the water. The godmother of the vessel was Natalia Dunets, the Manager of Marine and River Transport Administration at PJSC “NK Rosneft”.

This is the second vessel of a series of five chemical carriers of Project RST27M, to be built by Krasnoe Sormovo during 2017-2018 for “BF Tanker.”

The chemical carriers of Project RST27M have enhanced marine functionality. The vessels of this Project have an increased capacity of 800 tons (as compared with Project RST27) and are able to transport crude oil, oil products, edible oils and petrochemical products with simultaneous delivery of three types of cargo.

In designing the tanker the special requirements of Russian and International oil companies, additional environmental restrictions of the Russian Maritime Register of Shipping “ECO PROJECT” (ECO-S) have been taken into account.

The Company is currently one of the largest ship owners with the newest and most up to date fleet. A leasing arrangement allowed the Company to implement a shipbuilding program for the construction of 15 modern ships.

A series of state supported measures for shipbuilding and river and sea navigation stimulated market participants to increase the number of new ships registered under the Russian flag, creating additional employment, and adding to regional and federal budgets.

It should be noted that the development of the shipbuilding sector in Russia is a major government priority and this has without doubt assisted the growth of the industry and created new investment opportunities.

We are focused on further developing our fleet and continuing our construction plans, using the increased efficiencies inherent in the available leasing programs.