July 24, 2016 12:34 AM ET


Company Overview of PAO Sovcomflot

Company Overview

PAO Sovcomflot, through its subsidiaries, owns and operates ships worldwide. The company operates through five segments: Crude Oil Transportation, Oil Product Transportation, Gas Transportation, Offshore Development Services, and Other. It transports crude oil, refined petroleum and other oil products, chemicals, LNG and LPG, and hydrocarbons. The company also offers ship management and vessels chartering services. As of March 17, 2016, it had a fleet of 140 vessels with a total deadweight of approximately 12.2 million tones. The company was founded in 1988 and is headquartered in Moscow, the Russian Federation.

6, Gashecka Street

Moscow,  125047


Founded in 1988


7 495 660 4000


7 495 660 4099

Key Executives for PAO Sovcomflot

Chief Executive Officer, President, Chairman of Executive Board, Director, Member of Strategy Committee and Member of Committee for Innovative Development & Technical Policy
Age: 56
Chief Financial Officer, Executive Vice-President and Member of Executive Board
Age: 53
Chief Operating Officer, Senior Executive Vice President and Member of Executive Board
Age: 59
Member of Executive Board and President of PAO Novoship
Age: 51
Executive Vice President, Technical Director and Member of Executive Board
Age: 52
Compensation as of Fiscal Year 2016.

PAO Sovcomflot Key Developments

Privatization Of Sovcomflot

PAO Sovcomflot may involve stock exchange deal. Deputy Prime Minister Igor Shuvalov said in an interview with the Rossiya 24 TV channel that the company is probably a stock exchange deal.

Sovcomflot To Be Privatized In 2016

The Russian Transport Ministry is maintaining plans to privatize PAO Sovcomflot in 2016, Deputy Transport Minister Viktor Olersky told journalists. "This year is in the plan for now, yes," Olersky said when asked if the privatization would take place this year.

Sovcomflot Seeks Privatization

PAO Sovcomflot is seeking to sell its 25% stake to the investors in the first quarter of 2017 stated the Sergei Frank, CEO of Sovcomflot. He also stated that the company is only focusing on institutional investors. The Economic Development Ministry previously chose VTB Capital to organize privatization of Sovcomflot. Minister Alexei Ulyukayev said the privatization could be carried out on the Moscow Exchange.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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