Novoship
125.98
RUB
+3.79
(+3.10%)
Novoship
MOEX:NOMP
(Russian Exchange)
Recent
price
125.98
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PAO Novoship (Novorossiysk Shipping Company) is a Russian maritime transportation and logistics enterprise specializing in the ocean shipping of crude oil, petroleum products, and liquid bulk energy commodities. Operating as a principal subsidiary of PAO Sovcomflot (SCF Group), the company provides a comprehensive suite of maritime services, including international and coastal ocean transportation of hydrocarbon cargoes; commercial vessel chartering under time-charter, voyage-charter, and bareboat agreements; vessel technical management, fleet superintendence, and repair engineering via SCF Management Services (Novorossiysk); crew management, seafarer recruitment, and specialized maritime safety training; marine safety inspection and regulatory compliance oversight; offshore support and shuttle tanker logistics for offshore oil extraction projects; and port agency, marine pilotage support, and bunkering logistics coordination. The company's fleet profile encompasses Aframax, Suezmax, LR (Long Range), and MR (Medium Range) crude oil and product tankers, as well as ice-class vessels designed for high-latitude navigation. Novoship serves national oil companies, global commodity traders, petroleum refiners, and industrial conglomerates across major seaborne trade lanes, with key geographic operations spanning the Black Sea, the Mediterranean Basin, the Baltic Sea, the Indian Ocean, and Asia-Pacific maritime corridors. Founded in 1967 and headquartered in Novorossiysk, Russia, the company traces its operational origins to 1964 following the relocation of the Black Sea tanker fleet administration. In recent developments, Novoship has restructured its commercial trade routes and fleet deployment strategies in close coordination with parent company Sovcomflot, pivoting core transportation flows toward Asian, Middle Eastern, and African energy markets to adapt to international sanctions and maritime trade barriers. The company has also unified its operational and technical fleet management structures to optimize vessel utilization, supported fleet asset realignments, and concluded the final divestment of the Russian state's residual minority shareholding through the Federal Property Management Agency.