Rosatom to Regulate Russian Arctic Shipping

Arctic shippingIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Russian state corporation specializing in nuclear energy, Rosatom, has been granted the role of top regulator in the development of the Northern Sea Route.

In the first half of December 2018, the State Duma adopted the new law, which was approved by Russia’s Federation Council on December 21.

The law, which grants the company a leading role in the Russian Arctic development, was signed by the country’s President Vladimir Putin later that month.

The responsibilities of the Northern Sea Route Administration, which operated under the Ministry of Transport, will now be transferred to Rosatom. The company would be in charge of development and operational responsibilities for shipping, as well as infrastructure and sea ports along the northern Russian coast.

The legislation was adopted amid an increase in Russian Arctic shipping. Shipping volume on the Northern Sea Route increased by 70 percent from 2017 to reach about 18 million tons of cargo in 2018. Russia expects that the volume on the route could reach 80 million tons by 2024.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 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 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >