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

Great Lakes Iron Ore Trade a Near Match to January 2025

Great Lakes Iron Ore Trade a Near Match to January 2025

Ferries: A Boost to Japan’s Long-Haul Ferry Fleet

Ferries: A Boost to Japan’s Long-Haul Ferry Fleet

Mitsui E&S Secures Order for 17 Rubber Tired Gantry Cranes

Mitsui E&S Secures Order for 17 Rubber Tired Gantry Cranes

Port of Virginia Recognized for Strengthened Safety Efforts

Port of Virginia Recognized for Strengthened Safety Efforts

Subscribe for Maritime Logistics Professional E‑News

Vietnamese airlines sign $30-bln deals for 90 Boeing jets
Airbus softens output goal amid Pratt & Whitney engine delays
TSX gains as miners and tech stocks gain.