Russia's Sovcomflot plans to sell part of its fleet
Western sanctions take effect Reuters reported that the leading Russian shipping company Sovcomflot intends to sell part of its fleet, as it announced on Friday. The company is struggling with Western sanctions and is now trying to repay outstanding loans. Sovcomflot is facing growing difficulties in concluding charter contracts as ports, end customers, marine insurers and other freight companies are pulling out of the Russian business due to the sanctions imposed in response to Moscow's invasion of Ukraine. The shipping newspaper Lloyds List reported, citing unnamed sources, that up to a third of Sovcomflot's own fleet is up for sale as the company has been forced to...
Weiterlesen
Latest comments