Putin vows to increase traffic tenfold along the Northern Sea Route by 2025

Putin vows to increase traffic tenfold along the Northern Sea Route by 2025

Russian president Vladimir Putin has sought to increase traffic along the Northern Sea Route tenfold by 2025.

Delivering his state-of-the-nation speech to parliament on Thursday, Putin highlighted the importance of speeding up infrastructure development along the nation’s Arctic coastline.

“The Northern Sea Route will be the key to the development of the Russian Arctic and the regions of the Far East. By 2025, its traffic will increase tenfold to 80 million tons,” Putin said.

Putin said he wanted to make the Northern Sea Route a global, competitive transport artery.

Putin’s words will be warmly welcomed in Beijing where politicians have recently been talking up the Northern Sea Route as a ‘Polar Silk Road’.

Releasing its first official Arctic policy white paper this January, China said it would encourage enterprises to build infrastructure and conduct commercial trial voyages in the region.

“China hopes to work with all parties to build a ‘Polar Silk Road’ through developing the Arctic shipping routes,” the paper, issued by the State Council Information Office, said.

China has been an observer member of the Arctic Council in 2013 and its lead maritime conglomerate Cosco has been trialling a number of voyages from northern China to Europe via the Arctic in recent years.

China also has a major stake in Russia’s Yamal liquefied natural gas project which will supply China with 4m tonnes of LNG a year. The country has also been linked with making port investments in countries such as Iceland to further its Arctic shipping ambitions to Europe.

Shipping through the Northern Sea Route can shave almost 20 days off the regular time using the traditional route to Europe through the Suez Canal.

China’s Polar Silk Road ambitions can be seen as an extension of its Belt and Road initiative, which aims to connect China to Europe, the Middle East and beyond via massive infrastructure projects.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    Gary Floam
    March 2, 2018 at 9:33 pm

    Putin is betting on global warming to direct infrastructure development. I have my doubts, but time will tell.