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August 31, 2015 8:42 PM ET

Marine

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

Russia

Founded in 1988

Phone:

7 495 660 4000

Fax:

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

Novorossiysk Commercial Sea Port And Sovcomflot To Be Privatized In 2016

Public Joint Stock Company Novorossiysk Commercial Sea Port (MICEX:NMTP) and PAO Sovcomflot are the main companies that would be privatized in 2016, Economic Development Minister Alexei Ulyukayev said.

Sovcomflot May Not Be Privatized

Economic Development Minister said that the privatization of PAO Sovcomflot is highly unlikely.

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.

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