Russian state shipowner Sovcomflot (SCF) has posted a big jump in third quarter earnings as tanker markets strengthened.
The company said net profit to 30 September was $82.5m, compared to $45.5m a year ago.
Revenue from its 143 ships grew to $388.6m from $384.1m as two new LNG carriers were delivered and began long-term charters to Shell.
CEO Sergey Frank called the results “strong”, adding: “This has been possible through a combination of positive underlying tanker market conditions, and the group’s proven business model that continues to serve us well.
“We
