Net loss of JSC Primorsk Shipping Company (PMP, Corporation PRISCO) amounted to 50,925,000 rubles to Russian Accounting Standards in January-September 2010 versus a 100,025-million net income a year earlier, the PRISCO’s press service said. Nine-month revenue of the company fell 5.3% to 84,795,000 rubles. The revenue decrease was due to reduced volumes of the proposed works and services.
Primorsk Shipping Company is engaged in transportation of liquid and bulk cargoes. The Corporation operates 19 tankers and 2 bulk carriers of total 1,892,221DWT, largely ice-class ships, including large-capacity vessels equipped for operation in freezing seas. PRISCO provides commercial and technical management, agency services and training qualified specialists in sea transport and gas-and-oil producing industry. In 2009, cargo volume carried by the company’s fleet rose 21% year-over-year to 16.5 million tons, thanks to participation in Sakhalin offshore projects, while the volume of maritime transport by PRISCO within the Sakhalin-2 project increased by 11 times as much.