Sovcomflot (SCF) News

Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand

Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company and Moscow’s efforts to export oil and gas. Russia’s maritime …

India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources

India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia’s Far East, in a growing sign that complex trades involving one of Moscow’s biggest partners are being interrupted by …

UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers

Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the UK on Thursday joined countries that have slapped sanctions on it, with implications for insurance and certification. With a modern …

Russia’s Sovcomflot Re-routes Tankers to Bahamas Amid Growing Sanctions

At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted by the …