Sovcomflot (SCF Group) earnings have been chopped in 2024 as Western sanctions continue to complicate its tanker operations.
It said it made $505m in net profit in the nine months to 30 September, down from $702m for the same period in 2023.
Earnings were logged “thanks to a stable level of operating income, taking into account the significant provision of the fleet with long-term contracts”, the Russian state-owned tanker and gas carrier owner added.
