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Arctic councils join forces to save the Arctic

The Arctic Council and the Arctic Economic Council conduct their first joint meeting in Reykjavik, October 9, bringing together stakeholders to discuss the future of Arctic, marine transportation and blue economy.Earlier this year, the two councils signed a Memorandum of Understanding, setting the base on how the two Councils can better cooperate on their shared goals.

NSR shipping increases by 40% in 2019

Nikolay Monko, the head of Russia’s Northern Sea Route Administration, commented that the volume of products being transmitted through the NSR is expected to reach 29 million tons in course of 2019.

Yamal LNG shipments through NSR surge in 2019

Novatek, the Russian gas company, announced that during the third quarter of 2019, 15 LNG cargos from the company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly through the Northern Sea Route.

Hapag Lloyd declines container services through NSR

Hapag Lloyd joins CMA CGM arguing that the particles produced by the combustion of carbon-based fossils and fuels contribute to global warming, which can in turn harm our ecosystems. Therefore, Hapag Lloyd will decline sailing neither through the Northwest Passage nor the Northeast Passage.

MOL, Novatek, JBIC partner on Russian gas transhipment projects across NSR

Novatek, MOL and Japan Bank for International Cooperation (JBIC) inked a Cooperation Agreement to confirm their intentions to proceed to projects for the construction of a marine LNG transshipment complexes in the territory of Kamchatka and Murmansk region, across the Northern Sea Route. 

First Yamal LNG cargo marks summer season for NSR

The first voyage of the 2019 summer season across the Northern Sea Route began with a liquefied natural gas tanker transmitting cargo from the Yamal LNG through Arctic waters north of Russia towards Asia, Reuters reports. 

MOL signs MoU on NSR cadetship program

MOL signed a MoU with the Admiral Makarov State University of Maritime and Inland Shipping ‘Makarov University’, that boosts its aim to be one of the leading shipping companies in the NSR operation, as the company understands that one key for its success is having seafarers especially well-trained for the NSR.

Putin invites foreign investors to join Arctic growth

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.

Russia changes Northern Sea Route ice class requirements

Russia’s Ministry of Transport has declared changes concerning ice navigation criteria for the Northern Sea Route. These changes will apply from May 2019. More zones will be added to the already existing seven areas. Areas of rare ice and clear water are to be removed from larger zones typically defined by more ice.

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