Tanker Operator Russian tanker group Sovcomflot expects more pressure from Western sanctions after profit slump

News
Events
- Future Events
- Past Events
Magazine
Videos
- Are we ready for the challenges of the next 10 years?
  Martin Shaw, , managing director,, MOAMS
  Tuesday, 03 May 2022,Athens
- Crew matrix and SIRE 2.0
  Capt. Leonid Zalenski, group COO and group director marine, , Columbia Ship Management
  Tuesday, 03 May 2022,Athens
- Panel discussion Athens 2022
  Tuesday, 03 May 2022
- Challenges with crew recruitment
  Konstantinos S. Galanakis,, , CEO, Elvicor Group
  Tuesday, 03 May 2022,Athens
- The Human Element of Safe Vessel Operations
  Theophanis Theophanous, managing director, , Bernhard Schulte Shipmanagement (Hellas)
  Tuesday, 03 May 2022,Athens
- Video Archive
About Us
Advertising
Reports
- Ice Class Tanker Report
- Business Opportunities in FPSOs

Russian tanker group Sovcomflot expects more pressure from Western sanctions after profit slump

Mar 13 2025

State-controlled Sovcomflot said its net profit dropped by 55% to $424 million in 2024.

Russia's leading tanker group Sovcomflot blamed Western sanctions for a profit slump in 2024 and warned that new restrictions imposed on its fleet this year would exert increased pressure.

Russian tanker group Sovcomflot expects more pressure from Western sanctions after profit slump

>> Reuters <<

Previous: US vetoes G7 proposal to combat Russia’s shadow fleet of oil tankers

Next: Odfjell vessel fitted with bound4blue suction sails

June July 2025