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

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

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 ...

(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 ...

Sovcomflot, which reported a 49% year-on-year drop in first-quarter revenue to $278.5 million, said the January sanctions had been particularly impactful, creating additional commercial and ...

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

Analyst Jonathan Chappell, from Evercore ISI, pointed out that Frontline has stuck to a “tried-and-true” strategy with a lot ...

Estonia is warning that Russia appears willing to defend with military force its shadow fleet of aging tankers dodging ...

Estonia advirtió el jueves que Rusia parece dispuesta a defender con fuerza militar su flota fantasma de petroleros ...