By John Helmer, Moscow New evidence has surfaced from the Russian state shipping company Sovcomflot showing that the current chief executive Sergei Frank ordered the company’s lawyers to continue their attempts to prosecute his predecessor Dmitry Skarga in the London and Moscow courts, while telling the General Prosecutor in Moscow they were dropping their case […]

by John Helmer - Thursday, November 7th, 2013
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By John Helmer, Moscow The Supreme Court, the UK’s highest court of appeal, has dismissed an application from Sovcomflot, the state-owned Russian shipping group, to appeal against earlier judgements in favour of former chief executive, Dmitry Skarga (right). A three-judge panel issued its ruling on October 29, saying Sovcomflot’s application “does not raise an arguable […]

by John Helmer - Thursday, October 31st, 2013
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By John Helmer, Moscow Sovcomflot, the state-owned Russian tanker company, has reported that its vessel operating profit collapsed from $101.7 million to just $31.7 million in the six months to June 30, while on the bottom-line the company reported a net loss of $14.5 million; this compares with a profit of just $2 million in […]

by John Helmer - Tuesday, September 3rd, 2013
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By John Helmer, Moscow Sovcomflot, the state-owned Russian fleet operator, intends to sell a 25% bloc of its shares on the New York Stock Exchange (NYSE), according to a leak to Moscow business newspaper Vedomosti this week. However, the source identified as “close to the board of directors” does not know for how long the […]

by John Helmer - Tuesday, July 9th, 2013
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By John Helmer, Moscow A three-judge panel of the UK Court of Appeal has unanimously dismissed a claim by the Sovcomflot subsidiaries, Intrigue Shipping and Novorossiysk Shipping Company (Novoship), for court and legal costs against former fleet charterer Yury Nikitin (second image). Endorsing the earlier judgements of High Court Justice Andrew Smith, the new ruling […]

by John Helmer - Monday, July 1st, 2013
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By John Helmer, Moscow The Russian government’s competition watchdog is waiting for state tanker company Sovcomflot and gas exporter Novatek to clarify exactly what plan they have decided on for liquefied natural gas (LNG) shipments from Sabetta, Russia’s newest gas export outlet on the eastern shore of Yamal and the Kara Sea. Sovcomflot said last […]

by John Helmer - Wednesday, June 26th, 2013
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By John Helmer, Moscow Gazprom, the Russian gas producer and exporter, is thinking of reviving an old idea to refine natural gas on the Baltic shore and ship liquefied natural gas (LNG) westward to European markets in competition against Qatar and Nigeria. At least that’s what Ziyavudin Magomedov (image right), chairman of the Summa Group, […]

by John Helmer - Thursday, May 30th, 2013
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By John Helmer, Moscow The Russian government has forced the chief executive of the state-owned United Shipbuilding Corporation (USC) to resign. Andrei Dyachkov, who was appointed to run the shipyard holding in June of last year, signed a letter of resignation on April 30, and then took sick leave. He is reportedly in hospital for […]

by John Helmer - Tuesday, May 7th, 2013
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By John Helmer, Moscow Though their meaning and intent are identical, crocodiles are better known for their tears than for their smiles. So are Russian officials. Take Igor Shuvalov, the first deputy prime minister, for example. When the chief executive of one of the largest mining companies in the world came to Moscow, a member […]

by John Helmer - Friday, April 5th, 2013
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By John Helmer, Moscow President Vladimir Putin will raise with African leaders this week the case of the Myre Seadiver and its 15-man Russian crew, who were arrested and imprisoned in Nigeria last October. The story so far. Putin will be in Durban, South Africa, on March 26 and 27. The Myre Seadiver crew have […]

by John Helmer - Monday, March 25th, 2013
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