Russia's Novoship sails into better times
By David Hughes in London
RUSSIA'S Novorossiysk Shipping Company (Novoship) saw its operating
result return to the black last year despite a tough market.
Novoship's operating profit was US$6.19 million (S$10.6 million)
before extraordinary losses and tax, compared with a loss of US$10
million in 1998.
Income rose slightly to US$311.35 million, while costs
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