INSUBCONTINENT EXCLUSIVE:
looking to sell at least 40 of its 121 vessels at short notice as the European Union and Britain ordered banks and companies to extricate
in hauling oil and natural gas after Western ports, buyers, insurers and other companies withdrew from Russia
The United States placed debt and equity sanctions on Sovcomflot among 13 major Russian enterprises and entities in the immediate aftermath
Eastern Pacific Shipping, WSJ reported, citing unnamed sources familiar with the matter
The latter deal was said to come at a price tag of $700 million through a bank that had taken ownership of the vessels.Some of the
Some of the vessels have changed their names and registered under different flags for insurance purposes.Sovcomflot is negotiating to sell
Petersburg-based Sovcomflot is also relocating the management of its ships to Dubai to continue accessing needed services, with most of its
vessels registered there in April according to WSJ.Sovcomflot's fleet includes 50 crude-oil tankers, 34 tankers for oil products, 14 shuttle
tankers, 10 gas carriers and 10 icebreakers.
