abstract:Sovkomflot (, Modern Commercial Fleet) is a Russian maritime shipping company specializing in petroleum and LNG shipping, a 100% state-owned corporation founded in 1995. Since December 5, 2006, its headquarters are located in Saint Petersburg.
Yes, HSBC had a pretty high profile and much-touted withdrawal, but Morgan Stanley just learned it will manage a multi-billion dollar privatization of SovComFlot, a state-owned ship construction and shipping business, and other Western investment banks are chomping at the bit to get a piece of the other asset sales that are coming down the pike.