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 ...

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 Russian shipping company Sovcomflot, the largest maritime operator in Russia, reported a net loss of US$393 million in ...

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 ...

MOSCOW, May 23. /TASS/. Net loss of Sovcomflot under International Financial Reporting Standards (IFRS) amounted to $393 mln in Q1 2025 compared to $216 mln worth of profit in the same period last ...