Russia's Northern Sea Route emerges as key connectivity initiative in Indo-Pacific region
cargo shipped along the Northern Sea Route (NSR) in 2023 totaled 36.254 million tons which is more than 250 thousand tons above the target set in the “Development of the Northern Sea Route” federal project being implemented under Russia's nuclear major Rosatom.
Rosatom Director General Alexey Likhachev said that the cargo shipping record was set even before the end of the year thanks to partner companies that had found an opportunity to redirect their cargo from west to east, including first of all PAO NOVATEK, LNG accounts for more than half of the cargo, as well as Gazprom Neft, LUKOIL, PJSC MMC Nornickel.
«In 2023, we saw intensified transit traffic, 2 million 129 thousand tons of cargo were shipped, which makes it a historical peak. “Transit cargo shipping evidences the NSR popularity, therefore its intensification from the maritime logistics point of view is the most important result,” noted Vladimir Panov, Rosatom Special Representative for the Arctic development.
It is also worth noting the growing interest of foreign shipping companies in the Northern Sea Route including from India.
In addition, there were 3 round regular domestic voyages along the Northern Sea Route from the northwestern part of Russia to the regions of the Far East in 2023.
The Northern Sea Route (NSR) is the shortest shipping route connecting the western part of Eurasia and the Indo-Pacific region.
The goal of the “Development of the Northern Sea Route” project is to create infrastructure to facilitate the increase in cargo shipping as well as in the total capacity of seaports.
