Competitive position
According to Clarksons, at the end of the reporting period Sovcomflot Group held the following positions in global shipowner rankings:
1
rank
Arctic shuttle tanker fleet
1
rank
Ice-class tanker fleet
1
rank
Aframax tanker fleet
1
rank
Multifunctional icebreaking vessel fleet
3
rank
Shuttle tanker fleet
5
rank
Size of tanker fleet
5
rank
Ice-class LNG tanker fleet
8
rank
Product tanker fleet
Main competitors of Sovcomflot Group in core business areas are
- Fredriksen Group, Cyprus;
- Teekay Corporation, Canada;
- Euronav N.V., Belgium;
- Knutsen OAS Shipping, Norway;
- China COSCO Shipping, China;
- Mitsui O.S.K. Lines, Japan;
- Nordic American Tankers (NATS), Norway;
- Marmaras Navigation, Greece;
- Dynacom Tankers, Greece;
- Ocean Tankers (Pte) Ltd, Singapore;
- Scorpio Group, Monaco;
- Torm A/S, Denmark;
- Minerva Marine, Greece;
- BW Group, Bermuda;
- Tsakos Group, Greece;
- MISC, Malaysia.
The global tanker shipping market is considerably fragmented and is characterised by high com-petition and the absence of serious barriers for entry. The SCF Group’s share of the freight market does not exceed 1 %. Any change in this indicator over the past three years is considered immaterial (less than
