Tanker

Dwindling profits for Sovcomflot in Q1

Russian tanker carrier Sovcomflot – despite a weak market – finished the first three months of 2017 with a profit in the company's perhaps last interim report before an IPO.
Photo: Sovcomflot
Photo: Sovcomflot
by ANDERS PETRI

Revenue dropped slightly while the profit took a big dive for state-owned Russian tanker carrier Sovcomflot in the first quarter 2017.

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