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Tankers and Gas Russian Federation Sovcomflot

Sovcomflot benefits from stronger tanker market

Russia’s shipping company Sovcomflot is benefiting from a stronger tanker market, posting a net profit in the third quarter that soared. The company expects the healthy supply-demand fundamentals to continue into next year

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The higher spot rates are leading to much more appetite for period charters, said the company’s chief financial officer

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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