Russia is to spend almost 1.8 trillion roubles ($30 billion) on the Northern Sea Route development project up to 2035, according to a document uploaded to the government's website.The document said the sea route, which is being facilitated by reduced sea ice as a result of climate change, is 'a very important transport corridor, of both national and global significance'.(Reuters - Reporting by Reuters; Editing by Alison Williams)
Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37…
Norway’s Hammerfest liquefied natural gas plant has resumed operation as planned and is preparing to restart LNG production, a spokesperson for operator Equinor told Reuters on Friday.The plant has been offline for 20 months following a fire in September of 2020…
In February 2021, LNG carrier Christophe de Margerie, escorted by a nuclear icebreaker, became the first large-capacity cargo vessel to transit the eastern sector of the Northern Sea Route (NSR). The voyage demonstrated that year-round safe…
The United Nations shipping agency on Thursday adopted a ban on the use of heavy fuel oil in the Arctic region while green groups said the regulations contained loopholes which will allow many vessels to keep sailing without enough regulatory control…
TotalEnergies has signed a sale and purchase agreement with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia…
Russia's largest independent natural gas producer PAO NOVATEK announced Friday that the annual general meeting of shareholders (AGM) approved the election of members to the board of directors.The following members were elected to the board of directors:Andrei I…
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us…
Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment in the Arctic amid a push by the Kremlin to expand the country’s activities in the region.The Arctic has warmed more than twice as fast…
Russian shipping company Sovcomflot is guiding investors to expect its initial public offering (IPO) to price at the low end of the marketing range, two bookrunners organizing the transaction said on Tuesday.The first big stock market float…
Russian state oil giant Rosneft plans to build a port with maximum annual capacity of 115 million tonnes of oil for its Vostok Oil project in the Russian Arctic, the RIA news agency quoted the company as saying on Tuesday.Rosneft said in a statement…
Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek…
UK’s new polar research ship being built at Cammell Laird in Birkenhead RRS Sir David Attenborough has achieved another important milestone with the commissioning and testing of the ship’s lifeboats and lifeboat davits.The lifeboats, each capable of carrying 90 people…
Aurora Expeditions, the luxury cruise company that offers services to Antarctica and Arctic, will build a second expedition ship, the Sylvia Earle, scheduled to debut in October 2021.The 126-passenger vessel named ‘Sylvia Earle’, to honor the renowned marine biologist…
The Royal Canadian Navy’s second Arctic and Offshore Patrol Ship (AOPS), the future HMCS Margaret Brooke, was launched yesterday, Nov. 10, 2019, at Halifax Shipyard.The launch of the second of six AOPS for the Royal Canadian Navy, marks a significant…
