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Sovcomflot : Des résultats 2016 en léger retrait

Marine Marchande

PAO Sovcomflot (‘SCF Group’), Russia’s largest shipping company and one of the world’s leaders in energy shipping, as well as in servicing offshore upstream oil and gas projects, has today announced its results for the full year to 31 December 2016. 

 

2016 Highlights 

Gross revenue (freight and hire) of USD 1,388.1 million (2015: USD 1,483.0 million) vs the tanker spot market drop by more than 40 per cent and time charter market drop by up to 25 per cent

Time charter equivalent revenue (TCE*) of USD 1,142.2 million (2015: USD 1,240.1 million)

EBITDA** of USD 706.5 million (2015: USD 780.1 million)

Net profit of USD 206.8 million (2015: USD 354.5 million)

Three 42,000 tonnes DWT, double-acting, Arc7 shuttl