Rosatom News

Russia will deliver oil to Brunei via the Northern Sea Route for the first time this September, expanding its export reach through the strategic Arctic passage, two sources familiar with the shipping data told Reuters.Until now, NSR shipments have been limited to China due to its proximity to Russia’s Far East. Moscow has been actively promoting the route, which is shorter and less costly than moving crude through the Suez Canal, to other partners including India and the U.S.The…

Russia expects a 50% rise in voyages by foreign vessels using the Northern Sea Route (NSR) along its Arctic coast this year, which Moscow sees as an alternative to the Suez Canal, state-controlled nuclear energy firm Rosatom told Reuters on Friday.Rosatom runs a fleet of icebreakers and is in charge of operations along the NSR, which connects Russian ports with China during the summer months, saving vessels up to 10 days at sea compared to traveling via the Suez Canal.Moscow is…

In the ever-evolving quest for cleaner, more efficient energy sources in maritime vessel operations, nuclear power has re-emerged as a topic of serious discussion, as shipowners eye the International Maritime Organization push to ‘net zero’ on or around 2050. Admittedly, there is no ‘silver bullet’ solution for the entirety of maritime premised on the wide variety of routes and ship types, but nuclear holds promise in several large-ship, oceangoing sectors. Phil Lewis, Director of Research at Intelatus…

An oil tanker managed by an Azerbaijan-based firm is travelling the Northern Sea Route to China for the first time, taking a route so far dominated by vessels managed by Russian shipping giant Sovcomflot, according to LSEG data and two traders.The vessel Prisma is managed by a private company Vista Vvave Shipmanagement based in Azerbaijan, one of the traders said, citing the vessel's documents.Moscow wants to increase traffic via the Northern Sea Route (NSR), which runs from Murmansk near Russia's border with Norway eastwards to the Bering Strait near Alaska…

Russian shipping company Sovcomflot has started this year's transportation of Urals crude oil to Asia via the Northern Sea Route, according to market sources and LSEG data on Tuesday, as melting ice opens the Arctic route for transit shipments.Russia wants alternative routes to Asia from its western ports as Western sanctions have made it increasingly difficult for its fleet to operate in waters close to European Union countries.But the Northern Sea Route (NSR), though significantly shorter than the Suez Canal alternative…

Russia's state nuclear agency Rosatom has signed a memorandum of understanding with a Chinese shipping company to establish a year-round container line between the two countries via the Arctic's Northern Sea Route (NSR), it said on Thursday.Russian President Vladimir Putin has talked up prospects for the Arctic corridor as Russia shifts its trade eastwards in response to Western sanctions over the conflict in Ukraine.Rosatom said the agreement with China's Hainan Yangpu NewNew Shipping Co.

The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S. imposed sanctions on 20 companies based in China and Hong Kong…

Russia said on Monday that emergency workers had put out a fire on a Soviet-era nuclear-powered cargo-icebreaker ship and the state company which runs the vessel said there had been no casualties and no threat to the security of the reactor.The fire broke out on Sunday in one of the cabins of the Soviet-made Sevmorput ship, which is currently at dock in the northern Russian city of Murmansk, the emergency ministry said.The fire, which at its peak covered an area of about 30 square meters (323 square feet)…

President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov, who was convicted last year on organized crime and embezzlement charges and is serving a 19-year jail sentence following one of the highest-profile prosecutions of a Russian tycoon in years.Magamedov says the charges are unfounded and is appealing his conviction.

Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai's DP World to develop container shipping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin.The deal with one of the world's top port operators is the most tangible sign yet of Moscow's ability to attract big international partners to help it realise its ambitious plans for what it calls the Northern Sea Route.Putin has talked up prospects for the Arctic corridor…

An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container vessel, Finland's National Bureau of Investigation (NBI) said on Friday.Early on Oct. 8, a gas pipeline and a telecoms cable connecting Finland and Estonia were broken, in what Finnish investigators said may have been sabotage, though they have yet to conclude whether it was an accident or a deliberate act.On Tuesday, Sweden said a third link…

Russian tycoon Ziyavudin Magomedov, jailed at home in Russia, has launched a London lawsuit seeking nearly $14 billion over his holdings in valuable port operators, which he says were seized as part of a state-backed conspiracy.The businessman filed the lawsuit at London's High Court on July 20 against several defendants, including Russian state nuclear energy company Rosatom, oil pipeline operator Transneft, private equity firm TPG, and UAE-based port operator DP World.Magomedov…

Russia summoned the ambassador of Bangladesh on Tuesday to protest over Dhaka's decision to block the entry of Russian ships into Bangladeshi ports.Bangladesh earlier this month banned dozens of Russian ships that have fallen under Western sanctions from entering its territorial waters, citing the need to comply with the restrictions.Russia's foreign ministry said in a statement it had told Bangladesh's ambassador in Moscow that the move was not in line with "traditionally friendly…

A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion among leading marine-nuclear thinkers revolves now around how to put an ultra-modern, as-yet non-existent marine reactor aboard a modern commercial vessel. As with nuclear power generally, shipborne reactors produce national discussion first, then discovery.

Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30.75% share of Global Ports up for sale as it decided to quit Russia because of its invasion of Ukraine.It said talks were taking place with several potential buyers without giving names and that it did not expect to have to give the stake…

Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia's invasion of Ukraine, the Danish firm said on Wednesday.Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port on Monday, but still has 20,000 containers stranded in Russia.Maersk said in March it would sell all its assets in Russia, including its 30.75% stake in Russian port operator Global Ports Investments…

Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company has temporarily halted new container bookings to and from Russia, as a consequence of what the Kremlin calls a “special military operation” in Ukraine.“We have about 50,000 of our containers in Russia today. Most of them are empty, they are our property,” Skou said.“We need them, and we are very reluctant to leave them in Russia.

A.P. Moller-Maersk is looking to divest its 30.75% stake in Russian port operator Global Ports Investments due to Russia's invasion of Ukraine, Maersk's port unit APM Terminals said on Friday.Global Ports' shareholders include Russian state nuclear company Rosatom and Russian businessman Sergey Shiskarev.

Shipping group Maersk will temporarily halt all container shipping to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, the company said on Tuesday.The move follows similar decisions by Singapore-headquartered Ocean Network Express (ONE), Germany's Hapag Lloyd HLAG.DE and Swiss-based shipping group MSC.The suspension, covering all Russian ports, would not include foodstuffs, medical and humanitarian supplies, Maersk said."As the stability and safety of our operations is already being directly and indirectly impacted by sanctions…

Floating nuclear power plants (FNPPs) may not immediately spring to mind as providing a solution to several of today’s key global challenges – but FNPP development is emerging as a means of decentralized stand-alone production of cost competitive hydrogen-based fuels and clean electricity and water, according to a new report by Intelatus Global Partners.The commercial case for deployment of FNPPs featuring small modular reactors is founded in the growing demand for hydrogen and…

Metals miner Nornickel said it will participate in the design and building of Russia's first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region.Russia, which has a fleet of nuclear-powered icebreakers, has long considered LNG-powered icebreaking ships to develop the Northeast Sea Route into an international shipping lane from Arctic waters.Nornickel, the world's largest palladium and nickel producer…

Russia plans to build its first batch of icebreakers that are powered by liquified natural gas, a top official said on Friday, returning to an idea that was put on hold.Russia has the world's only fleet of nuclear-powered icebreakers. It is building up that fleet, hoping to develop the Northern Sea Route across its northern flank into an international shipping lane as climate change melts the ice."We are now returning to this topic (building LNG-powered icebreakers). I think that by the end of the year we will decide on the possible construction of two to four medium-sized icebreakers…

Russian state nuclear energy firm Rosatom and Dubai logistics firm DP World agreed on Friday to join efforts in developing pilot container shipping between Northwest Europe and East Asia through the Arctic, the companies said.Rosatom is a designated sole infrastructure operator of the Northern Sea Route which it plans to develop into a fully-fledged transport corridor."The Northern Transit Corridor holds out the prospect of shorter transit times between East and West," Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World was quoted as saying in the statement.