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Sovcomflot secures domestic insurance but sanctions continue to stymie operations

Sovcomflot’s fleet is now insured by Russia’s state-controlled Russian National Reinsurance Company after International Group P&I clubs withdrew cover

Sovcomflot’s chief executive says the embattled Russian tanker giant has been on an even keel since mid-May, but vessel tracking data suggests otherwise. While Russian oil is increasingly being diverted to China and India, it is not Sovcomflot tankers carrying the oil directly and overall direct ports calls by its fleet have not increased

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