OREANDA-NEWS. May 31, 2007.  The Bench of Murmansk Ocean Company OJSC approved financing of fleet purchasing and construction worth 3.2 bln rub, said in the company's announcement.

Murmansk Ocean Company OJSC specializes on sea carriage of general cargos and passengers by its own fleet and the fleet of its subsidiaries and involved fleet.

Company's authorized capital stock makes 943.454 thd rub. The company issued 943454 common shares at 1 rub par. Principal shareholders are Federal Agency of Federal Property Management (25.5%) and Arctic Technologies Ltd (61.472%). Net profit of Murmansk Ocean Company under RAS made 292.8 mil rub in 2006, that is 2.8 times less than in 2005.