Sovcomflot News

Sanctions Tighten Screws on Russia’s Sovcomflot as Ship Insurers Cut Cover

LONDON –– Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company and Moscow’s efforts to export oil and gas. …

Sovcomflot’s Tankers Find Refuge in the Bahamas Amid Growing Sanctions

HOUSTON —At least three tankers controlled by Russian maritime powerhouse Sovcomflot FLOT.MM that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted …