Russian owner Volga Shipping has posted improved nine-month profit as revenue grew.The dry cargoship company said net earnings to 30 September were up 63.5% at RUB 881m ($14.38m), from RUB 538.9m in 2013.
Dry Cargo volumes in the first six months were up 5%.
Volga Shipping is part of Vladimir Lisin’s UCL group.
Dry Bulk Shipping News - Shipbroker Notes