Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

Russia Strikes Five Vessels in Ports Along Ukrainian Black Sea

Russia Strikes Five Vessels in Ports Along Ukrainian Black Sea

Russian Oil Freight Rates Spike On Security Risks, Vessel Availability

Russian Oil Freight Rates Spike On Security Risks, Vessel Availability

Rigid Wingsail Retrofit Successfully Completed Aboard Bulk Carrier

Rigid Wingsail Retrofit Successfully Completed Aboard Bulk Carrier

RSGT, CMA CGM Announce $434m to Develop New Container Terminal at Jeddah Islamic Port

RSGT, CMA CGM Announce $434m to Develop New Container Terminal at Jeddah Islamic Port

Subscribe for Maritime Logistics Professional E‑News

Merz: Germany will soon reveal who is behind the attempted drone attack at an airport
Sources say that the derailment of Rusal in Guinea has stopped alumina exports.
Sources: Freight rates for Russian crude oil increase due to security concerns and vessel availability