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#northernsearoute

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Moscow has for years promoted the #NorthernSeaRoute. However, the East-West corridor is today clearly not developing into an attractive international trade route as envisioned.

In 2022, no foreign vessels, not even Chinese, sailed on the route. The only exception is the fleet of #LNG carriers that carry flags from Hong Kong, Cyprus and Bahamas and operate for Novatek’s Yamal LNG. (Barents Observer) #Arctic #energy #NSR thebarentsobserver.com/en/indu

The Independent Barents ObserverNo foreign vessels in sight, but shipping on Northern Sea Route still vibrant, Russian authorities sayAccording to route operating company Rosatom, goods volumes in the remote Arctic waters will this year reach 34 million tons.