OAO "Sovcomflot" has changed the business entity type and its brand name effective December 10, 2014. Now its full corporate name is PAO “Sovcomflot” (Public Joint Stock Company "Modern Commercial Fleet"), abbreviated PAO "SCF", the company said in a press release.
PAO "Sovcomflot" is part of Sovcomflot Group, created in 1995, the biggest shipping company in Russia, ranks the fifth top tanker company in the world. The Group specializes in global transportation of crude oil, petroleum products and other energy sources. The Group's fleet comprises 152 vessels of total deadweight of 12.64 million tonnes, the average age of the tanker fleet is 8.2 years. SCF’s newbuilds order book includes 10 (0.42 million DWT). The Group has offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore.
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