Sovcomflot sees improvements in tanker after two dire years

Russia's Sovcomflot has already surpassed its expectations for the beginning of 2019. This comes after two weak years in the tanker market where the company booked deficits and impaired the value of its fleet.

Photo: Sovcomflot

There are now traces of optimism at Russian tanker shipping company Sovcomflot, which in the first quarter of the year has also surpassed its own expectations, says CEO Frank Sergey.

Sovcomflot's annual report shows an improving tanker market in the final quarter of 2018, and this development has continued into 2019.

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