MOL announced on Monday the new three-year midterm management plan that will take effect in April 2014. MOL Group has been carrying out all plans in single-year plan “RISE 2013” with goals of restoring profitability and laying a strong foundation to return to a growth trajectory.
The Northern Sea Route (NSR) gradually becomes an important transport corridor: latest navigation season set a new record in the number of vessels. The Russian energy giant Gazprom successfully completed world’s first LNG supply via the route. What are the economic reasons behind this ambitious project?
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