China and Russia have launched the Arctic Express No 1 rail-sea cargo service.
NewNew Shipping and Rosatom are running the service which sees cargo moved by rail from Moscow to the Russian port of Arkhangelsk from where it is then shipped across the Arctic and North Pacific oceans to ports in China.
The 13,200 km journey takes 20 to 25 days, roughly one week faster than the Northern Sea Route (NSR).
Rosatom, which oversees the NSR, and NewNew Shipping have formed a joint venture to develop a fleet of five ice-classed boxships which will work all year round. The new ships will deliver in 2027.
By Bernama. 28 July 2024.
Source: Splash 247.https://splash247.com/china-and-russia-form-arctic-express-route/. 23 July 2024.
Asia and Europe on divergent coal paths. Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity. According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8% from September, and up by [...]
Hong Kong’s role in global ship finance. The city has plenty of core strengths when it comes to providing capital to shipping. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Hong Kong has a long tradition of providing shipping finance and progress has recently been made to attract new owners, leasing companies and [...]
China stretches lead at the top of shipbuilding stakes. China’s grip on global shipbuilding is growing ever stronger, building a sizeable gap from second place, South Korea, with some warning the dominance the People’s Republic exerts in this construction sector could become an early target from the incoming Donald Trump administration in the US. At the start of the century, [...]
Scroll To Top