sovcomflot in A Sentence

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    Sovcomflot SCF Group.

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    Sergey Frank, President & CEO of Sovcomflot, said,“Together with Shell, SCF Group shares a determination to reduce the environmental impact of energy shipping.

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    I'm sure that it is with such vessels that the future of merchant shipping lies,” said Sergey Frank, President and CEO of PAO Sovcomflot.

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    In 2017, a similar legal fight between PDVSA and the conglomerate of shipping companies Sovcomflot led to an auction in which an inventory of Venezuelan crude stored in Statia was sold to a trading firm for satisfying a portion of the Russian firm's claim.

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    The Russian-flagged vessels will have a deadweight of 114,000 metric tons and a 1A/1B ice class, which makes them able to operate in icy conditions year round, including in sub-Arctic seas and Russian ports of the Baltic region, said Russian shipping company PAO Sovcomflot(SCF Group).

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    The Clean Arctic Alliance, is campaigning for a ban on HFO use and carriage as fuel in the Arctic, and notes that a Russian state-owned shipping company Sovcomflot has already spoken openly about the need to move away from oil-based fuels, and marine bunker fuel supplier Gazpromneft expects to halt fuel oil use from 2025.

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