Sovcomflot

Largest Russian Shipping Firm ‘Sovcomflot’ Sells Off At Least 20 Tankers To Clear Debts

shuttle tanker in ice

The largest shipping firm in Russia, Sovcomflot, has sold off at least 20 tankers to avoid defaults and pay off creditors. About it on May 23, reports the Financial Times.

It has been observed that the firm has sold one-sixth of its fleet. Debt defaults coupled with negative loans on their balance sheets may severely impact Sovcomflot’s reputation among creditors and oil majors, including Total and Shell, which lease its vessels.

Simultaneously, the person who bought four LNG tankers that were...

https://www.marineinsight.com/shipping-news/largest-russian-shipping-firm-sovcomflot-sells-off-at-least-20-tankers-to-clear-debts/

Russian Shipping Giant ‘Sovcomflot’ To Sell Ships Ahead Of Sanction Deadlines

Novatek_SCF_LNG

The maritime sector of Russia is experiencing a wind-down of multiple services, including ship certification from some of the best foreign providers – imperative for accessing the ports and also, securing insurance – shipping firms pulling out and engine makers reportedly suspending training on equipment following Moscow’s invasion of Ukraine.

Russian shipping major, Sovcomflot, has decided to sell about one-third of the firm’s vessels to repay loans before the Western sanctions are implemented....

https://www.marineinsight.com/shipping-news/russian-shipping-giant-sovcomflot-to-sell-ships-ahead-of-sanction-deadlines/

Νεότευκτα παγοθραυστικά δεξαμενόπλοια, «φιλί ζωής» στη Sovcomflot

Την παράδοση του ενός από τα δύο παγοθραυστικά δεξαμενόπλοια τύπου Aframax στη ρωσική κρατική εταιρεία Sovcomflot ανακοίνωσε το νοτιοκορεατικό ναυπηγείο Samsung Heavy Industries.

Σύμφωνα με δημοσίευμα του Business Korea, η παράδοση έλαβε χώρα στα τέλη Μαρτίου, ενώ η παράδοση του δεύτερου παγοθραυστικού Aframax αναμένεται σύντομα. Το ναυπηγείο της Νότιας Κορέας ενημέρωσε σχετικά ότι η αποπληρωμή για την κατασκευή του πλοίου πραγματοποιήθηκε κανονικά, παρά τις κυρώσεις στο ρωσικό τραπεζικό σύστημα...

https://www.naftikachronika.gr/2022/04/21/neotefkta-pagothrafstika-dexamenoploia-fili-zois-sti-sovcomflot/

COLUMN | Surprises from the war in Ukraine: BP in Mauritania, P&O Maritime, USM Holdings, Viking Supply Ships, Sevnor, OSM, PXGEO [Offshore Accounts]

Last week (here) we looked at the impact of the horrific Russian invasion of Ukraine. Brent crude closed on Friday at US$118 per barrel. Russian artillery and missiles po ..

The post COLUMN | Surprises from the war in Ukraine: BP in Mauritania, P&O Maritime, USM Holdings, Viking Supply Ships,...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-surprises-from-the-war-in-ukraine-bp-in-mauritania-po-maritime-usm-holdings-viking-supply-ships-sevnor-osm-pxgeo-offshore-accounts/

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