EuropeOperations

Volumes shipped through Russia’s Northern Sea Route leap 25%

Photo of Sam Chambers Sam ChambersJanuary 31, 2019
2 Less than a minute

Latest statistics from Russia’s Ministry of Transport show that volumes shipped through the Arctic Northern Sea Route leapt 25% last year on the back of a swathe of new energy facilities opening up.

The biggest jump came in Sabetta on the Yamal Peninsula where Novatek’s Yamal LNG project started commercial production.

Russian president Vladimir Putin 10 months’ ago vowed to increase traffic through this 4,500 km long waterway tenfold by 2025.

Tags
Photo of Sam Chambers Sam ChambersJanuary 31, 2019
2 Less than a minute
Photo of Sam Chambers

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.
Back to top button