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2008 July 24   10:09

Cargo transportation of North Western Shipping Company up 0.3% to 2,399 mln t in H1 08

In January-June, 2008, sea-and-river going vessels of North Western Shipping Company (NWSC OJSC, St. Petersburg) carried 2.399 million tonnes (+0.3%, year-on-year), the company’s PR Department informs. In the reported period, transshipment of grain, coke, iron ore, manganese ore, non-ferrous metal ore and raw sulfur stayed at the level of H1 07. In the first half of 2008, the company transported 238,600 tonnes of ferrous metal (+65,300 tonnes, year-on-year), 344,400 tonnes of construction cargoes (+27,300 tonnes, year-on-year).

Transshipment of cement grew 7.6 times to 52,100 tonnes, coal – 4-fold to 65,200 tonnes, horticultural goods – 2-fold to 28,000 tonnes. In the reported period, cargo transshipment was carried out by 94 cargo vessels of NWSC (-6 vessels as compared with the same period of the previous year.

The company’s revenue from foreign transportation amounted to $52.753 mln (+33.3%, year-on-year). Revenue from transportation by inland navigation vessels grew by 32.3%, year-on-year, to $3.427 mln. According to Artur Gavlyuk, Managing Director of NWSC, the company’s considerable growth should be attributed to a 28-percent increase of average freight rate for transportation of high-price goods volume (fertilizers, metal, grain) accounting for 60% of the company’s total throughput as well as to the increased transportation of export cargoes delivered to foreign ports from the ports of Russia.

North Western Shipping Company (NWSC) is one of Russia’s largest river and sea shipping companies with a focus on the northern trading areas. It was originally founded in 1923 and privatized in 1993. The territory covered by the company’s activities include inland waterways of Russia’s European part, basins of the Baltic, North, Mediterranean, Black and Caspian seas.

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