A Memorandum of Understanding was signed between the Rosatom group and the Port of Hamburg Marketing, to strengthen and develop cooperation between the ports along the Northern Sea Route and the ports in the Hamburg Metropolitan Region. The two parties agreed to advance their exchange of information and experience, as well as joint design and implementation of international cooperation projects.
Through an Integrated Program Office, the US Coast Guard and US Navy awarded VT Halter Marine Inc., of Pascagoula, Mississippi, a fixed price incentive contract for the Detail Design and Construction of the USCG’s lead Polar Security Cutter.
As the Arctic region continues to open, strategic competition drives more actors to look to the Arctic for economic and geopolitical advantages. In this context, USCG released its newest strategy to address its expanding role in the Polar Regions, in line with a growing demand for effective leadership and presence in the region.
Gazprom Neft, part of Russian oil and gas company Gazprom, announced launch of the world’s first ever digital Arctic-logistics management system, aiming to ensure uninterrupted year-round shipments of crude produced and to improve efficiency in logistics management.
One of the Finnish priorities that Ambassador Aleksi Härkönen, Chair of the Senior Arctic Officials, emphasizes as a success, is meteorological cooperation. Mr. Härkönen said that they have already achieved a breakthrough when the WMO and national meteorological institutes decided to actively contribute to meteorological cooperation in the Arctic.
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle. Germany’s Bremenports GmbH joined Icelandic partners in constructing a deep vessel port.
Vladimir Putin, Russian President, invited foreign investors to participate in the construction of port infrastructure in Murmansk and Petropavlovsk-Kamchatsky that would serve the Northern Sea Route, during the plenary meeting of the 5th International Arctic Forum “The Arctic: Territory of Dialogue” on April 9.
According to the International Code for Ships Operating in Polar Water (Polar Code), and further amendments to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW), Marshall Islands require deck officers on RMI-flagged vessels operating in Polar waters to be Polar certificated.
In this video the Allianz Global Corporate & Specialty examines the risk impact of commercial shipping activity in Arctic waters. Namely, Captain Rahul Khanna says that the dangers that are risen while sailing in the Arctic can be a reason for companies not to choose this route. Captain Khanna explained that on the major risks with sailing in the Arctic is what happens in case of an incident. If a ship experiences problems in this area, rescue operations would be very difficult to take place.
The Arctic is considered as one of the most challenging shipping routes. Being open only a few months, few ships have chosen this route for their voyages, worrying about the extreme weather. However, this seems to be changing, as lately more and more ships actually prefer the Northern Sea Route. Today, there is more traffic in this route, as journey times between Asia and Europe can be reduced by up to two weeks.
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