Today Novoship owns and operates 55 modern vessels with total deadweight of 3.7 million tons and an average age of less than 9 years.
The current market value of the fleet is around USD 2.4 billion.
The Company's newbuildings portfolio includes 18 vessels due before the end of 2009. In 2007 eight new vessels will be delivered to the Company with total deadweight of 770 000 tons.
The company's priorities include continued development of Russian fleet, maintaining high safety standards, employing highly professional staff and maximizing shareholders' value.
Novoship is a major taxpayer both in Krasnodar region and the Russian Federation.
Novoship Group employs nearly 4,500 seafarers and shore-based personnel.
Novoship's 16 Russian subsidiaries are actively involved in marine and onshore businesses throughout the south of Russia.