Marine Link
Saturday, December 10, 2016

Northern Sea Route Carrier to be Privatised

April 16, 2013

Photo courtesy of MSCO

Photo courtesy of MSCO

The Russian state-owned stake in Murmansk Shipping Company (MSCO) will be privatised by the end of 2013.

MSCO assets are composed of fleets of three shipping companies: Murmansk Shipping Company (Murmansk), Northern Sea Shipping Company (Arkhangelsk) and Northern River Shipping Company (Arkhangelsk). The company handles up to 80% of all cargo transported via the Northern Sea Route, reports Barents Nova.

Privatisation of a state-owned 25.5% stake will be completed by the end of 2013 reports Barents Nova citing a recent meeting of the Transport Ministry.  Russian federal agency on property management owns 25.5% stake in the company, while the rest is shared among private companies and people affiliated to MSCO.

Source: Barents Nova

 



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News