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Sovcomflot positive on tanker market outlook

Russian shipping giant sees a positive 2019 for the tanker markets while reporting a narrower loss in 2018 of $45m. Charter rates are increasing due to a rebalancing of supply and demand on sustained scrapping combined with increased crude oil demand, especially from Asian refiners

Sovcomflot is committed to growing its industrial businesses, which will be central to its strategies through to 2025, its chief executive says

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