Tanker

Sovcomflot exits first half of 2015 in strong form

Russia's Sovcomflot surpassed its own expectations and noted improvements on revenue as well as net result in the first six months of the year. The tanker carrier's CEO is cautiously optimistic about the rest of 2015.
by DANIEL LOGAN

State-owned Russian tanker carrier Sovcomflot forged ahead in the first half of 2015, carried by a large fleet that was well-placed to benefit from the towering spot rates in the historically strong tanker market.

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