LNG

Sovcomflot, the Russian shipping line with 31 gas carriers in operation or on order and an overall fleet of 145 vessels, posted a more than 18 percent jump in annual net profits as revenues also increased.

Sovcomflot, the Russian shipping line with 17 liquefied natural gas carriers with others on order and with an overall fleet of 146 vessels, posted increased first-quarter revenues and profits on higher freight rates.

Sovcomflot, the Russian shipping line, has organized financing for two new liquefied natural gas carriers to increase its LNG fleet to 16 vessels as Russia expands its presence in the sector with more projects.