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2010 April 30   07:51

North West Shipping posts Q1 22pc rise, 1,44m tons in freight volumes

North-West Shipping Company reports the first-quarter 22-percent gain in volumes of transported cargoes, to 1.44 million tons, from Q1, 2009 and equal to Q1,08’s results. The Company has reached the pre-crisis traffic volumes thanks to effective management to attract new cargo flows, the NWS’s PR Department said.

The Company’s statement said imports rose by 18% from Q1,09, to 115,000 tons. Shipments on international routes jumped 40 percent, to 670,000 tons. There was an overall 3-percent drop in outbound cargoes, at 650,000 tons in Jan.-Marc.,2010.

However, North-West Shipping reports growth in particular outbound cargoes: timber volumes showed as much as 5.4 times surge, to 195,000 tons, scrap metal - up to 131,000 tons (+55.6%), fertilizer - to 312 tons (+26%). Grain exports increased by 27.4%, to 113,000 tons, feed - up to 32 tons (43.5%), the quarterly coal volumes leaped twofold, to 95,000 tons. The same two times as much gain was in imports of construction materials, to 32,000 tons.

North-West Shipping OJS Company, a division of the Universal Cargo Logistics Holding, is the largest carrier in the Russian water transport network. The Company carries largely general cargoes, bulk, breakbulked cargoes, providing towing of oversized cargoes and vessels. The Shipping Company maintains and manages about 145 vessels of total 550,000dwt, including 120 river-sea-going ships, 4 barges, 12 tugboats and eight support vessels. NW Shipping’s annual volume of freight traffic is about 6 million tons.

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