Murmansk Shipping Inks 5-Year Arctic Coal Shipping Contract

ArcticIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Russian Murmansk Shipping Company (MSCO) has secured a five-year coal transportation deal along the Northern Sea Route.

Under the Arctic shipping agreement, signed with Switzerland-based Sibanthracite Overseas in late October, Murmansk Shipping would transport coal utilizing the majority of its vessels.

“This project will be one of the biggest projects in the Arctic to deliver bulk cargo,” the company said, adding that anthracite, produced on Taimyr, would be delivered from Russia’s Dikson port to Europe. The company is set to load the first shipment in 2019.

“The signed agreement is an important step towards the implementation of a large-scale and strategically important project to develop Russia’s coal industry, and increase coal exports and cargo turnover along the Northern Sea Route,” Murmansk Shipping explained.

The parties did not reveal the financial details of the agreement.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >