Northern Route Transits to Hit HIgh

Bloomberg
Thursday, June 14, 2012

Russia to China bulk cargoes shipped by Nordic Bulk Carriers via theNorthern Sea Route may save them $650,000 on fuel

According to Bloomberg, cargoes of dry-bulk commodities hauled through Arctic waters are set to rise to a record this year as shipping companies use the route to almost halve journey times compared with Suez Canal shipments.

Nordic Bulk Carriers A/S plans to transport about six to eight 70,000 metric-ton shipments of iron ore to China from the Russian port of Murmansk starting in July, according to director Christian Bonfils. Using the so-called Northern Sea Route for the journey instead of the canal saves 1,000 tons of fuel, or $650,000, he told Bloomberg.

 

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Bulker Arrives to US on Her Maiden Voyage

The Port of Vancouver USA welcomed the Kypros Unity, commanded by Capt. Wilfredo F. Itable of Cyprus, on her maiden voyage Oct. 28. Capt. Itable and his 20-member

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

Vale Financials Disappoint; Iron Ore Prices, Currency Cited

Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.

Navigation

St. Lawrence Seaway Receives Strike Notice

The St. Lawrence Seaway Management Corporation (SLSMC) was served a 72-hour notice to strike by UNIFOR, a group representing the Seaway’s 460 unionized employees.

L-3 MSI Supplies Navigation for the Oasis Class

L-3 Marine Systems International (L-3 MSI) has been awarded a contract to provide its NACOS Platinum navigation system, including an integrated dynamic positioning system,

Royal Norwegian Navy Chooses Sagem Navigation System

Sagem (Safran) has won a contract from the Royal Norwegian Navy in competitive bidding for the navigation system on its polar research ship, the RV Kronprins Haakon,

Maritime Safety

Industrial Pressure Washers Kill Viruses

Water Cannon pressure washers utilized to fight influenza - clean and sanitize large areas Water Cannon Pressure Washers deliver a wide swath of low pressure 180 degree F.

Partnerships Key to Caribbean Maritime Security

Planning and execution of port and maritime safety and security in Caribbean region is all about partnerships Maritime security and safety experts are meeting in Nassau,

Braemar Hosts Insurance Experts

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization

Arctic Operations

500th LNG Cargo Leaves Snøhvit

Snøhvit cargo number 500 was loaded at Melkøya on Mondaym October 27, Statoil said. Since startup in 2007, more than NOK 80 billion worth of LNG has been dispatched from Melkøya.

High Arctic Costs Deter Business Despite Thaw

Despite high hopes for Arctic business from mining to shipping as the ice melts rapidly and temperatures rise twice as fast as the global average, few firms say the sums still make sense.

Canada Should Use Polar Code to Stand on Guard for Communities

Commentary by Paul Crowley For northern communities and economies, the expected growth of Arctic shipping has the potential to bring new jobs and industries,

 
 
Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1197 sec (8 req/sec)