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Sovcomflot Tankers and Gas Russian Federation

Arctic oil fields keep loss-making Sovcomflot afloat

Russian shipowner reports $20m first-quarter loss for its product tanker fleet while revenues for crude tankers plunge 39% year on year

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The offshore services division supplying shuttle tankers and ice-supply vessels for Arctic oil and gas projects nearly surpassed tanker earnings as company pivots to transport for national oil projects

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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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