Tag: Sovcomflot

• Thursday, April 20th 2017 - 23:21 UTC

  Russian shipping conglomerate suing Venezuela's oil giant PDVSA for unpaid fees

  

  Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about US$20 million - money the crisis-stricken nation desperately needs. Instead, the owner of the tanker, the Russian state-owned shipping conglomerate Sovcomflot, held the oil in hopes of collecting partial payment on US$30 million that it says PDVSA owes for unpaid shipping fees.

• Wednesday, August 13th 2014 - 05:52 UTC

  Three Finnish icebreakers for Russia's oil and gas operations in the Arctic

  

  Finland-based Arctech Helsinki Shipyard has been contracted to build three icebreaking stand-by vessels for Russian shipping company Sovcomflot, for a total cost of 380 million dollars.