Sovcomflot cautiously optimistic for the second half of 2019
The Russian tanker giant specialising in petroleum and liquefied natural gas shipping sees slight improvements in market conditions in the light of better supply and demand fundamentals. The company has plans to invest in fleet renewal and expansion of its energy business
Chief financial officer Nikolay Kolesnikov said that the company does not have plans to retrofit existing vessels with new engines, so the existing fleet will switch to burning compliant low sulphur fuel come 2020
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