The Russian tanker and bulker owner recorded a net loss of RUB 515.31m ($10.98m), against a profit of RUB 205.38m in the same three quarters of 2013.

Revenue decreased by 1.42% to RUB 2.95bn from RUB 2.99bn the year before.

Operating profit was RUB 231.243m, up from RUB 93.06m.

Moscow-registered Arctic Technologies owns 60% of the company.

Murmansk is listed as operating four icebreakers, three general cargoships, 14 bulkers, three MPPs, five tankers, one anchor-handler and two passengerships.

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