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

European Wheat Rises As Black Sea Disruptions Continue

European Wheat Rises As Black Sea Disruptions Continue

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Nick Miller Named Chief Growth Officer at Erickson Marine

Nick Miller Named Chief Growth Officer at Erickson Marine

Subscribe for Maritime Logistics Professional E‑News

Winter is on its way: AirBaltic's debt woes presage a tough season for smaller airlines
FOREX Dollar rallies amid rising oil prices and AI concerns
China will impose a no-fly area over Beijing following the crash of a light aircraft into the city's tallest building