The Murmansk Commercial Seaport, one of the largest ports in Russia, has completed the third and final stage of large-scale project to prevent strong winds and dust clouds disrupting operations.
Global Ports has reported an overall improved revenue for 2019 but notes that the company’s outlook for 2020 may be impacted by the Coronavirus
Hyundai Engineering and Construction will invest up to $540 million to develop the Port of Slavyanka in eastern Russia, including the construction of a multipurpose terminal, in partnership with Russian logistics company Berkut.
DP World is interested in buying a 49% stake in Russian transport and logistics company Fesco Transport Group, according to national media.
Plans to build a new container port on the Northern Sea Route (NSR) could be reviewed after the University of Iceland's Institute of Finance and Economic Studies published a report cast doubt on the project's commercial viability.
Ship Sparta III, the largest container ship in the fleet of Russian Oboronlogistics, has made the delivery of project cargo from China to Europe via the Northern Sea Route (NSR).
The Clean Arctic Alliance (CAA) has called for German Chancellor Angela Merkel and Nordic Prime Ministers to support a ban on the use of heavy fuel oil (HFO) in the Arctic.
The Port of Saint Petersburg has reported a 69% increase in investment on environmental protection measures in 2019.
Russia has increased its military presence in the Arctic region in a bid to protect its interests in the Northern Sea Route (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.