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  • 2019 January 31 18:47

    North-Western Shipping Company carried 5 million tonnes of cargo in 2018

    In 2018, vessels of North-Western Shipping Company (NWSC, a company of UCL Holding) carried 5.0 million tonnes of cargo.

    In 2018, having made a correct focus on transportation of paperwood from river ports of Russia’s North-West Region to Scandinavia, delivery of steel coils from Novorossiysk to the ports of Turkey, shipment of equipment for companies of Russia and neighboring countries from European ports and having optimized loading for return voyages, the company managed to achieve considerable improvement of its financial results as compared with those of 2017. Those measures enabled the company to raise the number of voyages by 16%, which lead to the growth of gross and net profit by almost two times, as well as a 21-pct increase of revenues.

    New vessels of NWSC – 10 vessels of Project DCV36 (lead ship – “Amethyst”) and 7 vessels of Project RSD49 “Neva-Leader” – carried about 1.5 million tonnes (30% of the total volume).

    In the reporting period, NWSC vessels carried 1.9 million tonnes of grain, 0.9 million tonnes of ferrous metal, 0.7 million tonnes of chemical and mineral fertilizers, 0.3 million tonnes of coal, 0.2 million tonnes of non-ferrous metal, 0.4 million tonnes of timber and 0.6 million tonnes of other cargoes. During the navigation season on the inland water ways of the Russian Federation, NWSC ships of mixed sea/river class made 41 voyages to transport equipment (vs 30 voyages in 2017). In 2018, the company made 17 voyages involving DCV36 ships.

    Export cargo (mostly grain, ferrous and non-ferrous metal, coal, timber, chemical and mineral fertilizers) made the bulk of shipments – 75.5% of the total volume and decreased by 17% to about 3.8 million tonnes.

    Transportation between foreign ports totaled some 1.2 million tonnes (23% of the total volume) and increased by 25%.

    In the reporting period, imports accounted for 1.5% of the total volume.

    Domestic shipments in the reporting period were little if any.

    North-Western Shipping Company PJSC, is the largest carrier in the Russian system of waterways, specializing in export/import shipping of bulk, general and project cargoes, towage of oversized cargo and crafts. The company operates a fleet of 47 river/sea class vessels, 10 sea class vessels and 3 Ro-Ro barges of river/sea class. Total deadweight of the Company's fleet is 288,000 tonnes. About 60% of the fleet was built between 2002 and 2013. Average age of the company’s fleet is 17.5 y.o. The company transports about 5 million tonnes of cargo per year.

    NWSC is part of VBTH, a shipping division of the international transport group UCL Holding that consolidates several Russian shipping, railway, stevedore and logistics companies. The division also comprises Volga Shipping Company, V.F.Tanker and a number of shipbuilding assets.




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