Ship Sparta III, the largest container ship in the fleet of Russian carrier Oboronlogistics, has successfully delivered cargo from China to Europe via the Northern Sea Route (NSR).
The NSR can potentially cut voyage time by approximately 27% – on average 10 days – compared to traditional routes.
Exclusive Paper: Shipping on the Northern Sea Route
In a statement, the carrier reported an overall saving on the journey is USD $330,000.
It also reported significant savings in fuel and increase of security as the container ship navigated through pirate-free regions.
Russia has recently increased its military presence in the Arctic region in a bid to protect its interests in the NSR with a squadron of Su-34 multi-purpose fighter jets, as well as additional military infrastructure including radars, radio-electronic equipment and missile systems.
Also, DP World has signed in June an agreement with the Russian Direct Investment Fund, the ROSATOM, global leaders in nuclear technologies and infrastructure, and Norilsk Nickel, one of the world’s leaders in palladium and high-quality nickel production, to develop the NSR.