Russia’s State-Owned Fleet of Oil Tankers Is Coming to a Standstill
- Nine Sovcomflot Aframax vessels are observed idling at sea
- Most are off European coasts after discharging cargoes
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Russia’s giant fleet of ocean-going oil tankers is starting to come to a standstill.
Nine Aframax vessels owned by Sovcomflot PJSC have been idling at sea for more than a week after discharging cargoes, according to ship-tracking data monitored by Bloomberg. That’s more than a quarter of the company’s such tankers observed operating around the coasts of Europe and North America.