Russia and China could begin operating a year-round shipping route through the Arctic Circle after state nuclear agency Rosatom signed an agreement with a Chinese shipping line.
Ice class container
The partnership with Hainan Yangpu New Shipping will see the companies jointly operate the line and also includes the design and construction of new ice-class container ships for the Northern Sea Route (NSR).
Signed at the St Petersburg International Economic Forum, the deal will expand NewNew’s existing activity along the route, which included seven voyages in 2023 and is expected to rise to 12 in 2024.
The route has been the subject of much interest from the country for years with a joint venture launched in 2023 between Rosatom and the Dubai-based DP World also looking to develop container shipping in the Arctic region.
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Source: Ship Technology
