Sovcomflot’s fleet is fully insured by Russian insurers, according to its CEO
Sovcomflot is a key shipper of Russian oil and liquefied natural gas (LNG) cargoes globally. Western insurers halted insurance cover for Russia’s biggest shipping group hit by sanctions. Russian replacement cover would likely be enough to keep Russian vessels sailing. “Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. Russia’s state-run Sovcomflot … Read more