Sovcomflot transferred half of its conventional fleet to long-term contracts

About half of Sovcomflot's fleet in the segment of conventional tanker transportation of oil and oil products in 2023 switched to long-term contracts, said the company's CFO Alexander Verbo. Average term of contracts is 8 years. Top manager also noted a high level of contracting in the industrial segment of the company's business, which allows the company to expect good results both in Q4 2023 and in 2024 and subsequent years.