In H1 2008, net profit of North Western Shipping Company OJSC grew to RUR 52.098 million, the company announces. In H1 2007 the company posts net loss of RUR 172.7 mln. The company’s sales proceeds amounted to RUR 1.781.565 billion (+37%, year-on-year). Gross profit of North Western Shipping Company in H1 2008 grew to RUR 209.315 mln.
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. The company’s fleet numbers 180 self-propelled vessels including 110 cargo carriers with total capacity exceeding 350,000 tonnes and 25 passenger vessels. 90 sea-and-river-going vessels operate round-the-year. Annually, the company’s vessels make over 2,500 calls to 300 foreign ports of 30 countries of Europe, Asia and Africa. The company’s annual throughput makes some 6 million tonnes of cargo per with 5 million tonnes falling on foreign transportation.
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. The company’s fleet numbers 180 self-propelled vessels including 110 cargo carriers with total capacity exceeding 350,000 tonnes and 25 passenger vessels. 90 sea-and-river-going vessels operate round-the-year. Annually, the company’s vessels make over 2,500 calls to 300 foreign ports of 30 countries of Europe, Asia and Africa. The company’s annual throughput makes some 6 million tonnes of cargo per with 5 million tonnes falling on foreign transportation.