Long-term contracts triger profit for Sovcomflot in strained tanker market
Sovcomflot nets profit in the second quarter, which has generally triggered deficits across the entire tanker sector. Long-term contracts at fixed rates drive the positive result from the Russian state-owned carrier.
by DANIEL LOGAN
Tanker carrier Sovcomflot reports positive results in the second quarter of 2021, which CEO Igor Tonkovidov otherwise describes as "extremely unfavorable."
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