Christening Ceremony of tanker “Sakhalin Island” of 108,000 tons dwt. built for the Primorsk Shipping Corporation took place on April 15, 2004 at Brodosplit Shipyard, Croatia. Managers of the Primorsk Shipping Corporation at the head of Alexander Kirilichev, General Director, European bankers – creditors of the project as well as representatives of foreign insurance, investment companies and Sakhalin administration took part in the Christening Ceremony. Galina Pavlova, Head of Sakhalin Oil and Gas Terminal, Godmother of the new Aframax type tanker officially gave name “Sakhalin Island” to the tanker and gave her blessing for a long and accident-free work. New vessel as tanker “Primorye” – PRISCO flagship is built in accordance with the up to date project, it has double hull and 1C ice class. In the nearest time m/t “Sakhalin Island” will start its first voyage. Now building of the second Aframax “Governor Farkhutdinov” which will be included into PRISCO fleet in summer after “Sakhalin Island” is coming to an end at the Shipyard in Croatia. In future PRISCO will continue to develop fleet renovation program. It has placed orders at the South Korean Shipyard Hyundai Heavy Industries for building of five more large-tonnage tankers: three Aframaxes of 100,000 tons dwt. and two Suezmaxes of 166,000 tons dwt.