Murmansk Shipping Company is planning to invest about 3.2bn rubles in fleet building, geological exploration and development of hydrocarbon deposit in the Arctic shelf in 2007, reports the press-service of the company.

In the framework of the dry cargo fleet renewal program the company has plans to modernize 2 vessels and to build 6 bulkers (deadweight - 75 thousand tons) and 12 bulkers (deadweight - 30 thousand tons).

It should be pointed out that in August 2006 the company bought the new bulker "Grumant" of 23.6 thousand tons deadweight. Besides, it modernized its tanker "Natali" in China and also signed the contract to modernize 2 vessels there.