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2010 November 10   06:30

Volga-Don Shipping’s net income for Jan-Sept. soars 6-fold to 24,23m rubles.

Net income of JSC Volga-Don Shipping Company (part of Azov-Don Shipping Company Group) under RAS for nine months of 2010 jumped by 6 times from Jan-Sept, 2009, to 24,230,000 rubles, the company’s report said.

Volga Don Shipping Company was founded in 1923 and is the oldest shipping companies in Russia. To date, VDSC specializes in transportation of grain, fertilizer, wood, metal and other general cargo. Major freight flows pass through the river ports of the Don, Volga, Neva, Kama, Dnieper, Danube, Rhine, sea ports in Europe, England, North Africa, Eastern Mediterranean.

The group of companies Azov-Don Shipping Company was established in 2002. The Group incorporates over 20 companies of water transport, including four shipping companies, 4 ports, several shipyards, ship agents, service and freight forwarding companies. Azov-Don Shipping Company operates a fleet of more than 200 vessels of various purposes.

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