Third quarter figures show that the MSCO has not yet managed to overcome its troubled economic situation. In the first nine months of the year, the company had a 560,6 million RUB (€14 million) deficit, newspaper Murmansk Vestnik reports.
The deficit is down 37 percent from the same period last year. However, the company remains in a vulnerable economic situation. The turnover of the company in the period dropped by 8,8 percent to a total of 3,5 billion RUB.
The economic difficulties of the shipping company comes in the wake of major changes in Arctic shipping. The company’s former biggest client, the Norilsk Nickel, is building its own fleet of vessel and has consequently become independent of the services of MSCO.
Despite a general hike in Arctic industrial activities, the MSCO has not yet found clients, which can replace the role of the Norilsk Nickel.
Until 2008, the MSCO managed the fleet of Russian nuclear-powered icebreakers. However, these vessels are today operated by the Rosatomflot, the state-owned nuclear power company.
The Murmansk Shipping Company today has a fleet of 27 vessels, of which six are tankers, 18 bulk carriers and one icebreaker. The company is owned by the Arctic Technologies 61,78%) and the Russian state (25,5%)
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.