Tankers

Russian state shipowner Sovcomflot reveals huge profit as Western sanctions fuel rates

Sanctioned Russian owner has never had it so good, despite operational challenges

Igor Tonkovidov (left) is CEO of Sovcomflot. He is seen here with Denis Manturov, deputy prime minister of the Russian Federation.
Igor Tonkovidov (left) is CEO of Sovcomflot. He is seen here with Denis Manturov, deputy prime minister of the Russian Federation.Photo: SCF
TradeWinds correspondent
Published 22 April 2024, 13:26Updated 23 April 2024, 12:00
SovcomflotRussiaSuezmax tankersSanctionsLNG carriers