By Oksana Kobzeva MOSCOW, Jan 15 (Reuters)– Russian state-owned delivery firm Sovcomflot claimed on Tuesday that unclear problems in the products market are postponing its long-planned going public (IPO).

The Russian federal government has actually evaluated a listing of Sovcomflot for many years as component of wider privatisation strategies, however challenges varying from weak markets to worldwide assents put on Russians over Moscow’s duty in Ukraine situation have actually stopped an IPO.

The Russian economic situation ministry has claimed it had actually intended to increase 24 billion roubles ($ 358 million) from the sale of a risk in Sovcomflot.

Sovcomflot’s president Sergei Frank informed press reporters that delivery markets are anticipated to boost this year, with indications of a recuperation seen in the 4th quarter of in 2014.

But the firm will certainly wait on the appropriate minute to detail its shares on the marketplace, Frank included.

Over the previous year, as the oil cost has actually climbed, hunger has actually expanded in the cruise liner sector along with in the container, freight and also vessel fields. It is still breakable, according to Frank.

“We need that the markets return to their historical average. The fourth quarter was a joy for us, but it is not a record one,” he claimed.

Russian power titans consisting of Gazprom Neft, Novatek and also Sakhalin Energy, which runs Russia’s melted gas plant (LNG) in the Far East, are amongst Sovcomflot’s clients.

Sovcomflot has actually taken advantage of Russia’s strategies to increase its international share of the international LNG market. It has actually authorized a calculated contract with Russia’s leading LNG manufacturer Novatek in June.

($ 1 = 67.0675 roubles) (Reporting by Oksana Kobzeva Writing by Katya Golubkova and also Vladimir Soldatkin Editing by Louise Heavens)

( c) Copyright Thomson Reuters 2019.