8.8 C
Hamburg
Sunday, May 18, 2025
Home News Kremlin to boost arctic route's traffic

Kremlin to boost arctic route’s traffic

The Russian Ministry of Transport is softening shipping regulations in Arctic waters to ”provide access of ships to parts of the Northern Sea Route with light ice conditions”. The route plays an important role in the Kremlin’s ambitious plans for Arctic development: it should become a global transport artery by 2024.

Russia slackens ice-class demands for Arctic shipping, says The Barents Observer, adding that shipping along the Russian Arctic coast is booming. The revised rules, which envisage the introduction of new zones with lower ice-class requirements, will come into force in May 2019.

According to the Ministry of Transport, ”it is necessary to specify criteria for the ships’ access to the waters of the Northern Sea Route and add several areas to the currently existing seven areas”. This will enable the regulators to create regions with homogenous ice conditions and provide access to parts of the Northern Sea Route with light ice conditions.

Russia is working on the development of Arctic shipping in order to turn the Northern Sea Route into a competitive transport artery. Last year, about ten million tonnes of cargo was shipped via the route, and almost the same volume was already shipped in the first eight months of 2018, which is an 81% increase compared to the previous year. Russia aims to ship as much as 80 million tonnes to and from its Arctic ports by 2024. Liquefied natural gas and coal are expected to make up a substantial part of overall shipping volume. ”The Northern Sea Route will be the key to the development of the Russian Arctic and the regions of the Far East,” said President Vladimir Putin in March 2018.

Read more on realnoevremya.

 





Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!