Putin Wants Northern Sea Route Hubs

April 9, 2019

(Photo: SCF Group)
(Photo: SCF Group)

Russian President Vladimir Putin on Tuesday invited foreign investors to take part in the construction of port infrastructure in Murmansk and Petropavlovsk-Kamchatsky that would serve the Northern Sea Route.

Speaking at an Arctic forum in the Russian city of St Petersburg, Putin also asked the government to draw up plans for tax relief that would promote the development of the Arctic region.

"We invite our foreign partners to joint work to create port hubs at the end points of the (Northern Sea) route," Putin said.


(Reporting by Vladimir Soldatkin and Gleb Stolyarov; Writing by Tom Balmforth; editing by Maria Kiselyova)

Logistics News

Cavotec to Retrofit Container Vessels for Shore Power

Cavotec to Retrofit Container Vessels for Shore Power

EU Wheat Prices Drop After Ukranian Attacks in Azov Sea

EU Wheat Prices Drop After Ukranian Attacks in Azov Sea

Kernel Holding Pauses Operations at Chornomorsk Port

Kernel Holding Pauses Operations at Chornomorsk Port

UK P&I Club, TT Club Offer to Acquire Thomas Miller Holdings

UK P&I Club, TT Club Offer to Acquire Thomas Miller Holdings

Subscribe for Maritime Logistics Professional E‑News

Hapag-Lloyd: Hormuz freight fee is 'fundamentally incorrect'
UAE: Iranian missiles hit oil tankers in Strait of Hormuz and one sailor was killed
Sources say that Riyadh Air is looking at ordering 25-30 Boeing 787s as well as more Airbus.