Old ships and challenging market sends Sovcomflot into the red
Russian Sovcomflot recorded large impairments on older vessels in the first half of the year, while stagnated markets also contributed to the company's deficit.
Russian tanker carrier Sovcomflot was not exempt from low rates in the market in the first half of the year, where levels in some segments were more than 50 percent lower than in the same period last year.
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