Sanctioned Sovcomflot plans to sell part of its fleet

Sovcomflot announced plans to sell the "age" fleet and vessels, the operation of which is limited due to sanctions. According to the British edition of Lloyd's List, we can talk about a third of the fleet owned by the company.

“Age tonnage is offered for sale on the market, as well as ships whose operation does not seem appropriate due to the restrictions imposed on the Russian merchant fleet,” Interfax quoted the Sovcomflot press service as saying.

As of the end of February, the company had 134 own and chartered vessels, including 108 tankers of various classes, 14 gas carriers and 11 specialized vessels.

Information from Lloyd's List about the sale of about a third of the fleet was called exaggerated by Sovcomflot. The publication on May 3 reported that the Russian company was selling ships to pay off creditors. According to him, some of the vessels can be sold to buyers from the UAE and China. It is necessary to carry out the sale before May 15, when the grace period established by the European Union and Great Britain ends, during which Western banks can receive money from Russian companies to repay loans.