A Memorandum of Understanding (MoU) was signed between the Rosatom group and the Port of Hamburg Marketing, to strengthen and develop cooperation between the ports along the NSR and the ports in the Hamburg Metropolitan Region.
For Rosatom, the Northern Sea Route presents significant potential for shipping and cargo transport. According to the company, in 2018 about 20.2 million tons of cargo was transported in the Arctic sea trade.
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In addition, year-round navigability along the NSR chould be achieved by 2030, as seen by the Russian development authority. Then, containerized freight and bulk cargo could take the shorter route on the NSR from China and Russia to Hamburg. First trial shipments were successful, and now Russia is reckoning an increase in transported goods of up to 92.6 million tons by 2024.
In the MoU signed between Rosatom and the Port of Hamburg Marketing, the two parties agreed to advance their exchange of information and experience, as well as joint design and implementation of international cooperation projects.
What is more, more collaboration will take place for the development of transport services between Northern Europe and Russia, including China is a key part of the MoU.
Ingo Egloff, Co-CEO of Port of Hamburg Marketing, highlighted that, along with Rosatom, they will study what potential for development exists with the Northern Sea Route for the ports along it, as well as for the North European economy and shipping in the Port of Hamburg.
Hamburg’s port representative Natalia Kapkajewa, stated from her side that:
Trade and shipping have linked Hamburg and Russia ever since the Hanseatic League. The Polar Ural, Yamal and Krasnojarsk regions, rich in raw materials, will develop well through a high capacity interface to international shipping. Our diversity of contacts and connections on both the German and Russian side will make a positive contribution to it
