Shares of "North-Western Shipping Company" will cease to be traded on the Moscow Exchange from June 23, 2020, due to the reorganization of the company through its accession to JSC "Shipping Company Volga Shipping".

On June 23, "North-Western Shipping Company" will send an application for making an entry to YRYUL to terminate its activities as a legal entity. The Company ceases to operate due to the decision of its shareholders to reorganize it by merging with JSC Volga Shipping Company.

Andrey Bubnov will become the General Director of "Transportation Assets Management" holding from June 9, 2020, replacing Igor Fedorov, who has been performing his duties since 2012 and will continue working in the group, focusing on the development of stevedoring assets on the boards of directors. Bubnov has been CFO of NCSP since 2011 and held senior posit...

North-Western Shipping Company suffered a loss under RAS for 3 months. 2020 in the amount of ₽0.167 bln, which is 38.8% lower as compared to ₽0.273 bln in the previous year. Revenue decreased by 37.6% to ₽1.069 bln against ₽1.712 bln a year earlier.