Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new ...

Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new ...

Russia’s largest shipping company Sovcomflot posted a loss of $393 million in Q1 of 2025, a dramatic reversal from the $216 ...

Dozens of Sovcomflot ships showed up on a new sanctions list released by the US’ Biden administration in January. The ...

Russia's leading tanker group Sovcomflot said on Friday that its net loss in the first quarter of 2025 was $393 million.

The increased sanctions pressure "has led to declining revenue levels and the idling of some sanctioned vessels," Sovcomflot said. "Management is taking measures to minimize operational and financial ...

LONDON/MOSCOW, Oct 4 (Reuters) - Russia's leading tanker group Sovcomflot has transferred dozens of ships into a new Dubai based management company aiming to boost trade through this entity amid ...

State-controlled Sovcomflot said its net profit dropped by 55% to $424 million in 2024. The group's earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 34% to $1.01 ...

In February, the U.S. sanctioned Sovcomflot and 14 crude-oil tankers involved in transportation of the product. Citing two unnamed sources, Reuters reported that Reliance, a major purchaser of ...

Russia loaded a fourth sanctioned tanker owned by state-run Sovcomflot PJSC, testing the resolve of Group of Seven nations who’re attempting to clamp down on the fleet of ships moving Moscow’s ...

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Indian Oil Corp. resumed buying Russian crude oil ...

(Reuters) -Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems ...