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Channel: December 2009 – Dances With Bears
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THE SOVCOMFLOT CRASH TEST – SHIPPING COMPANY ANNOUNCES $5.5 BILLION INVESTMENT PLAN, WHILE RISKING HIGH COURT DEFEAT

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By John Helmer in Moscow Sovcomflot (SCF), the state owned Russian tanker operator, released this week a board-approved strategy for the next five years, proposing to invest $5.5 billion with a combination of new borrowings and share sales over a six-year period. This capital outlay on a fleet that already counts 146 vessels, with another […]

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