Sovcomflot transfers ships to new management firm to boost trade

Capt. John

Russia-based state-controlled tanker group major Sovcomflot (SCF) has transferred dozens of ships into a new management company, based in Dubai, as an attempted get-around in the face of growing -pressure from ever-tougher sanctions causing greater financial restrictions, reports Reuters, citing maritime industry data and shipping industry sources. SCF itself is subject to sanctions and other…

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