North-Western Shipping Company acknowledged as best shipping company in dry cargo transportation
North-Western Shipping Company PJSC (a company of UCL Holding) says it has been awarded with the “Industry Leader” pennant having won in the nomination of “Best Shipping Company in Dry Cargo Transportation”.
The competition winners were announced on 22 March 2018 at the meeting of the Expert Board of Rosmorrechflot’s Public Council.
The honourary award was given to the company for its high performance and financial results, accident-free operation of fleet and its consistent renovation, participation in significant federal projects on the development of Russian regions, introduction of up-to-date energy-efficient and environmentally-friendly technologies on ships, corporate social responsibility.
NWSC development strategy is aimed at long-term keeping of its leadership in the Russian market of river-sea transportation with its efficient management and new ships benefitting from unique competitive advantages.
Transportation by new motor vessels - 10 ships of Project DCV36 (lead ship - Amethist) and 7 ships of Project RSD49, Neva-Leader accounts for 30% of the the company’s total cargo turnover.
In 2018, North-Western Shipping Company increased its fleet voyage result by 16%, which, in its turn, lead to a 21-pct increase of revenues from freight operations. The company’s net profit was almost twice as high as in 2017.
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 vessels, 10 sea going vessels and 3 river-sea Ro-Ro barges. 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 18.5 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.
