Sovcomflot sees stable business streams counterbalancing tanker downturn
Sovcomflot's net profits for the second quarter grew more than fivefold to $110.3m
Russia’s biggest shipping company enjoyed a very profitable quarter as the tanker market paid handsomely. Now, with that same market hit by both seasonal weakness and extraordinary circumstances, Sovcomflot remains confident it is well covered by its other activities for the rest of 2020 and 2021
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