• 2015 August 17 15:52

  Volga Shipping posts loss of RUB 196.1 mln against profit of RUB 102.6 mln a year ago

  

  Volga Shipping OJSC says the Company’s loss totaled RUB 196.1 mln in HI’2015 against the profit of RUB 102.6 mln a year ago.

  The Company’s revenue fell by 26% to RUB 1.26 bln.
  
  Volga Shipping OJSC is one of the biggest transport companies in Russia. It was founded in 1843. The company transports cargoes along rivers and lakes of the country. In 2014, Volga Shipping carried 6.3 mln t of cargo.

  The Company is a part of VBTH – shipping division of Universal Cargo Logistics Holding, international transportation group consolidating a number of Russian railway, stevedoring and logistic companies (the majority stakeholder of VBTH). The division comprises North Western Shipping Company, V.F.Tanker, a number of shipbuilding and cruise assets.

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