Murmansk Shipping Company
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Murmansk Shipping Company
Murmansk Shipping Company (), often abbreviated as MSCO, was a Russian shipping company based in Murmansk. It was one of the primary shipping companies operating in Arctic Russia and northern Europe, in 2014 the company had 303 vessels, with a total dead weight of about 1.2 million tons. The company ran a notable museum in Murmansk. History The company was established in 1939 as the Murmansk State Dry-Cargo and Passenger Shipping Company, and was renamed in 1967. It specialised in arctic transportation, and by 1940 it had 37 vessels with a total deadweight of 112,200 tons. During World War II its carriers served as allied escorts. It performed passenger as well as cargo navigation. In 1973, the Northern Fleet and the Murmansk Shipping Company commenced transporting spent nuclear fuel by barges to Murmansk, and then delivering it to Mayak by train. In 1977, one of its ships, the nuclear-powered icebreaker '' Arktika'', was the first ever to reach the North Pole. The company wa ...
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Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Hong Kong, Northern Ireland, Scotland, certain Commonwealth jurisdictions, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exch ...
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