The change in ice conditions and recent rise in the use of the high Arctic as a trading route requires more infrastructure support to facilitate the provision of adequate insurance, the International Union of Marine Insurance (IUMI) has stated in a position paper.
An icebreaking LNG carrier serving the Yamal LNG project in far North Russia has set a new record transit for July of less than eight days for the Northern Sea Route (NSR).
The ice-breaking liquefied natural gas (LNG) carrier Vladimir Rusanov, jointly owned by Mitsui OSK Lines (MOL) and China Cosco Shipping has undertaken its first loading at Yamal LNG in the far north of Russia.
Mitsui OSK Lines (MOL) is looking to expand in Arctic shipping with an agreement with the Far East Investment and Export Agency (FEIA) on the development of the Northern Sea Route (NSR).
Russia’s shipping group Sovcomflot has called on the Russian government to continue its drive to improve navigational safety measures on the Northern Sea Route (NSR) and for a ban on substandard ships with untrained crew sailing in the environmentally sensitive region.
The IMO has agreed to take steps toward a ban on the use of heavy fuel oil in Arctic shipping, following an appeal from the Canadian government, indigenous participants and testimony from WWF-Canada.
An ice breaker and two bulk carriers are being forced to wait out the winter off Russia’s Arctic coast after the ice became to thick for safe navigation.
Arctic shipping and the North Sea Route (NSR) could receive a boost from the coming into force of the Polar Code and thawing of relations between the US and Russia according to brokers Banchero Costa.
BigRoll Shipping has taken delivery of its first MC Class vessel to be deployed in transportation for construction on the Yamal LNG project.