The Wall Street Journal, citing sources, said Russia’s main shipping company Sovcom Float was selling 12 ships to buyers in Asia and the Middle East, in light of sanctions. in the West.
Sources indicated that “Sofcom Float”, Russia’s largest shipping company, sells 5 tankers to “Kuban Shipping” in Dubai, and 4 LNG tankers to “Eastern Pacific Shipping” in Singapore.
Sources also indicated that Sofcom Float is also in talks with companies, including China Merchants Group, to sell other tankers.
And the American newspaper “The Wall Street Journal” reported that “Sovcom Float” decided to sell its owned ships to pay off its debts to Western banks, in light of Western sanctions. imposed on Russia’s leading shipping company.
As the Russian company said: “(Old) ships are offered for sale on the market, as well as ships whose operation seems impossible due to restrictions imposed on the Russian merchant fleet.”
At the end of last February, the Sofcom Float fleet consisted of 134 vessels, including 108 oil tankers, 14 gas carriers and 11 specialized tankers. Lloyd’s Insurer List indicated that Sofcom Float could sell ships to the United Arab Emirates and China.
Source: Interfax
Source: Arabic RT
