News: Сompany news

The results of the North-Western Shipping Company for 9 month of the year of 2015

15 October 2015
Сompany news

Over the course of 9 months of the year of 2015 the volume of transportation by the ships of the North-Western Shipping Company (NWSC) equaled to 3,7 million tons which is 16% lower than the corresponding volume last year. The main cause of the reduction is connected with the general reduction of volume of shipping of the North-Western Shipping Company which in turn has been caused by removal from operation of the old ships, the situation with low level of water at the Russian waterways and economic environment in general.

Despite the reduction of operational rates the earnings from freight activities of the shipping company which form 98% of the total receipts increased by 33% to a total of 6 billion Russian rubles.

The positive dynamics of financial indicators was ensured among other factors by switching of the majority of the company’s fleet including 10 ships of the DCV36 “Amethyst” project and 7 ships of the RSD49 “Neva-Leader” project to the shipping of highly rated goods. During the period under review 0.81 million tons of goods were shipped with the help of “Amethyst” type ships, including 0.38 million tons in export handling and 0.37 million tons between foreign ports. The “Neva-Leader” type ships shipped 0.37 million tons including 0.25 million tons for export.

Approximately 70% of revenue for the period under review was acquired thanks to transportation of grain cargo, timber cargo, chemical and mineral fertilizers, ferrous materials and ferrous steel scrap, project cargo and equipment.

The structure of shipping did not undergo changes in general during the 9 months of 2015. The following shipments were made: 1 million tons of grain cargo, 0.9 million tons of ferrous materials, 0.6 million tons of chemical and mineral fertilizers, 0.26 million tons of timber cargo, 0.18 million tons of coal, 0.15 million tons of non-ferrous metals, 0.1 million tons of chemical cargo, 0.51 million tons of other cargo.

The majority of shipping – 2.5 million tons which equals to 67.5% - were formed by export cargo of the shipping company, its quantity growing by 4%. The majority of the exported range of items was formed by grain cargo, ferrous materials and ferrous steel scrap, coal, chemical and mineral fertilizers.

The transportation between foreign ports equaling to 0.98 million tons which equals to 24% of the overall volume shrunk by 35% for the most part at the expense of the major types of cargo of that sector – grain, timber cargo, steel scrap and fertilizers.

The volume of import cargo shipping of the shipping company fell by half to 0.2 million tons, it was caused by the reduction of cargo traffic of ferrous materials, construction cargo and fertilizers from the European countries to Russia. The import ratio in the general volume of traffic equaled to 5% over 9 months of the year of 2015.

Over the course of 9 months of the year of 2015 the volume of internal Russian transportation of the North-Western Shipping Company equaled to 14 thousand tons, it involved shipping of equipment of board the “Amethyst” motor vessel along the Northern Sea Route.