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SAFETY4SEA

Rosatom buys stake in logistics firm, boosting Arctic presence

by The Editorial Team
December 4, 2019
in Arctic
rosatom

A Rosatomflot icebreaker

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Russia’s state-owned atomic energy corporation Rosatom is completing the legal process of acquiring a non-controlling interest in logistics firm Delo Management Company, to further solidify its position in the Arctic.

The main areas of cooperation will be the development of international multimodal and transit traffic on the Asia-Europe-Asia route, including via the Northern Sea Route.

On the basis of Rosatom’s logistics assets and the assets of Delo Asset Management, it is planned to create a new Arctic container line.

Rosatom is the authorized infrastructure operator of the Northern Sea Route and the owner of the world’s only nuclear icebreaker fleet. 

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As explained, the assets of the Delo Group include six marine container terminals in the Baltic basin, one in the Azov-Black Sea basin and one in the Far Eastern basin, which are key regions of foreign trade cargo flows.

The Delo Group of Companies, together with the State Atomic Energy Corporation Rosatom, will continue to develop the logistics business based on the existing assets and market competencies of the companies, including multimodal and transit transportation,

…said Sergey Shishkaryov, President of the Delo Group of Companies.

A new international container transit service from Asia to Europe was launched in the Baltic and the Far East through the Global Ports group sea terminals, a share of which is owned by Delo Asset Management Company.

Rosatom intends not only to go on year-round use of the Northern Sea Route, but to significantly improve all Eurasian logistics and, along with the Suez Canal, to offer no less attractive conditions for the movement of goods from Asia to Europe.

In the joint project, special attention will be paid to environmental issues and international environmental requirements, Rosatom noted.

Rosatom buys stake in logistics firm, boosting Arctic presenceRosatom buys stake in logistics firm, boosting Arctic presence
Rosatom buys stake in logistics firm, boosting Arctic presenceRosatom buys stake in logistics firm, boosting Arctic presence
Tags: ArcticicebreakersNorthern Sea RouteRussia
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