Its ships were crisscrossing the icy and remote waters of the Soviet North, bringing goods and manpower to bases and meteorological stations across a vast and desolate area.
The Murmansk seaport was bustling with its ships and sailors and the downtown office building was a powerhouse in regional economy.
It is all part of a distant past. Over the last years the situation for the Murmansk Shipping Company (MSCO) has gradually deteriorated and on the 6th of October the Murmansk Court of Arbitration declared the company bankrupt.
Bankruptcy proceedings will be held over the next six months and a temporary executive has been hired to lead the process, according to the court.
It was an anticipated collapse. A great number of the companys shi…
Read the full article at: https://www.hellenicshippingnews.com/after-80-years-of-legendary-arctic-sailing-comes-bankruptcy-for-murmansk-shipping-company/
