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

Port Nelson Deploys 5G Network

Port Nelson Deploys 5G Network

Port of Corpus Christi: Deep Water and Big Energy

Port of Corpus Christi: Deep Water and Big Energy

Western Russian Ports See Increase in Oil Exports in First Half of May

Western Russian Ports See Increase in Oil Exports in First Half of May

Cocoa Falls to Two-Week Low Alongside Sugar

Cocoa Falls to Two-Week Low Alongside Sugar

Subscribe for Maritime Logistics Professional E‑News

French and Benelux stocks: Factors to watch
Hapag-Lloyd and CMA CGM shippers suspend Cuba bookings following US executive order
Airline cancellations in response to Middle East conflict