Massive Investment Plans for the Russian Arctic Revealed

MarineLink.com
Tuesday, October 22, 2013
Arctic scene: Photo in public domain

The Russian Federation plans to spend 2 trillion rubles in a sweeping reform and expansion of Arctic programs, reports Arctic info (Russian)

The Ministry of Regional Development of the Russian Federation plans to amend the Government draft state program “Socio-economic development of the Arctic zone of the Russian Federation for the period until 2020” by 1 November, 2013, states the head of the ministry, Igor Slyunyaev, when speaking at the 11th General Assembly of the Northern Forum in Moscow.

According to the minister, the programme will cost 2-trillion Rubles, and the federal budget will provide approximately one-third and more than 1 trillion rubles will be drawn from extra-budgetary sources.



The head of the ministry clarified that the document will be an instrument for the implementation of the strategy for development of the Russian Arctic and national security for the period up to 2020.

 According to the minister, it is expected that as a result of the implementation of the state programme up to 2020, the Arctic macro-region by total volume of gross regional product will grow from 6% to 14%.

It is also planned to remove major infrastructure constraints, ensure qualitative growth and the competitiveness of regional economies through institutional and technological innovations.

Slyunyaev stressed that the implementation of the state programme stipulates increasing productivity of the Arctic 2.5-fold.



At the same time, he said that the priority is to improve the quality of people’s lives and ensure a balance between economic activity and environmental preservation.

Source: Arctic info (Russian)
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

"K" Line Review of Medium-Term Management Plan

Kawasaki Kisen Kaisha, Ltd. (“K” Line) reviewed “K” Line Group’s medium-term management Plan, which was formulated in March 2015 as the business strategy toward our 100th anniversary in 2019,

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Energy

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

India Instructs Disputed Tanker to Await UN Orders

India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government

News

Ageing Seaborne Steel Products

In 2015, seaborne steel products trade accounted for around a fifth of minor bulk trade, having grown on average by 6% per annum since 2010, according to Clarksons Research.

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

CKYHE Alliance to Reorganize US East Coast Service

CKYHE Alliance, COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, is reorganizing their service network for Asia-US East Coast trade in 2016.   CKYHE Alliance

Government Update

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

Blacklisted Oil Tanker Returning to Libya

An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export

US Urges ASEAN Unity on South China Sea Ruling

China risks "terrible" damage to its reputation if it ignores an impending international court ruling on the South China Sea, the United States said on Thursday,

Arctic Operations

ECSA Looks Forward to Improvement of Shipping Conditions in Arctic

European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters.

EU Adopts New Arctic Policy

The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a policy proposal that will guide the actions of the European Union in the Arctic region.

Ice Navigation System Selected for Magne Viking

Rutter Inc. announced that Viking Ice Consultancy selected the sigma S6 Ice Navigator system for installation on the Magne Viking, the first vessel to comply with

Offshore Energy

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Ulstein Verft's First Wind Service Vessel Launched

Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.

Challenges for Offshore Exploration

The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,

 
 
Maritime Standards Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1073 sec (9 req/sec)