Russia's leading tanker group Sovcomflot said on Friday that its net profit had dropped by 55% to $424 million in 2024.

Russia's leading tanker group Sovcomflot on Friday blamed Western sanctions for a profit slump in 2024 and warned that new ...

Russia's largest tanker operator, Sovcomflot, has blamed Western sanctions for a dramatic fall in profits in 2024 and warned ...

The company said last month that the sanctions’ pressure against the company had been increasing steadily over the last three ...

The russian shipping company Sovcomflot, which the media calls the operator of the so-called "shadow fleet", has ...

Spain's seasonally- and calendar-adjusted industrial output fell 1% in January from the same month a year earlier, official ...

Greek shipowners are increasingly returning to the transportation of Russian oil. On the one hand, part of it is sold at $ 60 ...

In his article for ZN, Oleh Sarkits explains how Russia circumvents sanctions with the help of a shadow fleet and explains ...

The sanctions list also includes Invest Flot LLC and Yuzhny Flot LLC that are associated with SCF Arctica, according to the EU. The EU has also added 74 tankers that do not belong to EU countries to ...

The vessel is operated by Fornax Ship Management in Dubai, which was sanctioned by the US on 10 January, for allegedly supporting Russian state shipowner Sovcomflot. The tanker itself was ...

Sovcomflot - the largest Russian tanker company - said that the new U.S. Sanctions would cause additional operational difficulties. It also accused the West for undermining global merchant shipping.