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

NYK Group’s ICO Launches Belgium’s First Shore Power Facility for RoRo Ships

NYK Group’s ICO Launches Belgium’s First Shore Power Facility for RoRo Ships

BMT, Austal Sign Engineering Alliance to Support Shipbuilding Projects

BMT, Austal Sign Engineering Alliance to Support Shipbuilding Projects

Irish Consultancy Opens Its Doors for Offshore Wind, Subsea Markets

Irish Consultancy Opens Its Doors for Offshore Wind, Subsea Markets

Iran's Strait Authority to Facilitate Passage Through Hormuz

Iran's Strait Authority to Facilitate Passage Through Hormuz

Subscribe for Maritime Logistics Professional E‑News

Zambia and the US increase use of $491 Million grant programme for critical metals infrastructure
Birol, IEA's Birol, says the Strait of Hormuz should be reopened without conditions
European shares fall as markets ponder hawkish US Federal Reserve