Net loss of JSC Northern Shipping Company (NSC) for the 9 month period ended Sept. 30, 2010 amounted to 8,658,000 rubles (RAS) versus net income of RUB 110,143,000 a year earlier, the company financial statement said. Revenue in January-September 2010 reached 2,111,023,000 rubles, 13.5% below the last year's figure.
The decrease in revenue was due to a decline in the number of vessels of the company’s fleet of transport and dredging ships, idling dredging and tugs fleet in the reporting period.
Arkhangelsk-based Northern Shipping Company was founded in May, 1870. The shipping line is one of the major transporters of round timber, lumber, pulp-and-paper products, general cargo, bulk cargo, dangerous goods and other cargo to Western Europe via the ports of Arkhangelsk and St. Petersburg.
NSC owns and operates a fleet of ice class multipurpose dry cargo carriers of 2,200-14,000DWT. The operator’s vessels are equipped for handling 20- and 40-foot containers as well as reefer containers.
Murmansk Shipping Co. owns a 46.003% stake in NSC, Russ. Govt holds 20% of the company’s shares.
The decrease in revenue was due to a decline in the number of vessels of the company’s fleet of transport and dredging ships, idling dredging and tugs fleet in the reporting period.
Arkhangelsk-based Northern Shipping Company was founded in May, 1870. The shipping line is one of the major transporters of round timber, lumber, pulp-and-paper products, general cargo, bulk cargo, dangerous goods and other cargo to Western Europe via the ports of Arkhangelsk and St. Petersburg.
NSC owns and operates a fleet of ice class multipurpose dry cargo carriers of 2,200-14,000DWT. The operator’s vessels are equipped for handling 20- and 40-foot containers as well as reefer containers.
Murmansk Shipping Co. owns a 46.003% stake in NSC, Russ. Govt holds 20% of the company’s shares.