File Photo: A Russian nuclear-powered icebreaker escorts ships on the Northern Sea Route, July 14 2016. Credit: knyazev vasily / Shutterstock
Murmansk Shipping Company (MSCO) has signed a major contract to transport coal produced in the Russian Arctic to Europe via the Northern Sea Route.
The contract was signed MSCO and Sibanthracite Overseas, a subsidiary of Russian coal company VostokCoal, and spans an initial period of five years.
VostokCoal manages the development of the massive Taimyr coal basin, home to one of the largest anthracite coal deposits in the world.
MSCO described the contract as one of the largest shipping contracts related to the transport bulk cargoes ever in the Arctic.
Under the agreement, MSCO vessels will transport ‘large quantities’ of high-quality anthracite coal mined from Russia’s Taimyr peninsula via the Port of Dikson, located on the Kara Sea, to ports in Europe.
The contract is expected to commence in 2019 with the start coal production at Taimyr.
MSCO said a ‘significant’ portion of its fleet will be utilized in fulfilling the contract.
Shipments from Taimyr are expected to take place year-round, requiring icebreaker assistance in the winter.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,813 members that receive our newsletter.
Have a news tip? Let us know.
by Muvija M LONDON (Reuters) – Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers...
by Captain John Konrad (gCaptain) On a crisp morning that should have promised smooth sailing, Captain Mike Vinik found himself staring at a maze of steel and concrete where open water used...
by Sachin Ravikumar (Reuters) Immigration tops the list of issues that Britons consider most important for the first time since 2016 – when Britain voted to leave the European Union...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,813 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
