Net income of Sovcomflot for the period of 2010 ended December 31st (IFRS audited accounts) declined by 11.3% from 2009’s figures, to $ 164.3 million, the Group’s press release said. Gross revenue for the period rose year-over-year 7.4% to $1,312, 900. Earnings before interest, tax, depreciation an amortization (EBITDA) declined by 3% to $533.3m (vs $549,700m in 2009).
St.Petersburg-headquartered SCF Sovcomflot (SCF Group) ranks the fifth top global tanker company. The Company specializes in global energy transportation services for crude oil, petroleum products, hydrocarbons and other energy sources. The Group's fleet comprises 154 vessels of total deadweight of 11,9 million tons, the average age of the tanker fleet is 6,7 years. SCF’s newbuildings program includes 16 vessels of total deadweight of about 1,8 million tons.
St.Petersburg-headquartered SCF Sovcomflot (SCF Group) ranks the fifth top global tanker company. The Company specializes in global energy transportation services for crude oil, petroleum products, hydrocarbons and other energy sources. The Group's fleet comprises 154 vessels of total deadweight of 11,9 million tons, the average age of the tanker fleet is 6,7 years. SCF’s newbuildings program includes 16 vessels of total deadweight of about 1,8 million tons.