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July 07, 2015 1:00 PM 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 coal. The company also offers logistical support services, and floating storage and offloading unit management services for offshore development facilities. As of December 31, 2014, it had 60 crude oil carriers, 43 petroleum product carriers, 2 LNG carriers, 4 LPG carriers, 13 shuttle tankers, 4 ice breaking supply vessels, 3 bulk carriers, and 1 chartered in seismi...

6 Gasheka Street

Moscow,  125047


Founded in 1988


7 495 660 4000


7 495 660 4099

Key Executives for PAO Sovcomflot

Chairman of Executive Board, Chief Executive Officer, President and Director
Age: 55
Chief Financial Officer, Senior Executive Vice-President and Member of Executive Board
Age: 52
Head of the Management & Development, Vice-President and Member of Executive Board
Age: 48
Senior Executive Vice President and Member of Executive Board
Age: 58
Chief Engineer, Senior Executive Vice-President and Member of Executive Board
Age: 51
Compensation as of Fiscal Year 2015.

PAO Sovcomflot Key Developments

PAO Sovcomflot Approves Board Appointments

PAO Sovcomflot at its annual general meeting held on June 29, 2015, approved the appointment of I.F. Glumov (independent director) - Deputy Chairman of the United Nations commission on the limits of the continental shelf; CEO of OAO Severneftegaz; Member of the maritime board of the Government of the Russian Federation and V. Chammah (independent director) - Partner of Chammah & Partners as directors.

Sovcomflot Announces Dividends for 2014, Payable on July 31, 2015

Sovcomflot announced that the company will pay RUB 1.126 billion in dividends for 2014 or RUB 0.572533481145275 per ordinary share. The dividend will be paid before July 31, 2015.

Rosimushchestvo Appoints Sergey Frank as General Director of SOVCOMFLOT PAO

On June 19, 2015, Rosimushchestvo, the sole shareholder of SOVCOMFLOT PAO has appointed Sergey Frank as General Director of SOVCOMFLOT for a term of 5 years effective June 8, 2015.

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