- Putin reviews new short sea shipping plans to bypass Suez Canal
- by building smaller vessels capable of short sea shipping, it’s possible to load cargo within seven or eight days
This week Russian President Vladimir Putin met with the country’s shipbuilding executives to review plans to prioritize short sea shipping with the hope of bypassing the Suez Canal says an article on GCaptain.
Short sea shipping plans
According to the Kremlin, by building smaller vessels capable of short sea shipping, it’s possible to load cargo in northern Iran or western China and take it to Helsinki via the Russian Port of Olya on the Caspian Sea. They believe this route will take only seven or eight days to reach Helsinki from Olya at an average speed of 10 knots.
Plan to bypass Suez
In March President Vladimir Putin revealed a plan to capitalize on the polar ice melt from global warming by investing in Arctic shipping and development. This plan to reroute cargo via the artic will also require shipbuilding efforts and, this week, Russia announced plans to build new icebreakers that are powered by liquified natural gas
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Source: GCaptain
