Cargo shipping in Russia’s northern territorial waters has increased by more than four times since 2013 according to the department head at the Northern Sea Route Administration.
As of October 1st, the volume of cargo transported reached 13 million tons, a marked increase over the 3 million tons shipped 5 years ago. The Northern Sea Route, operating in Russia’s Exclusive Economic Zone, is the shortest passage connecting the European part of Russia with the country’s Far East Regions. This route halves the transportation time compared to routes through the Panama and Suez Canals.
Source: Chamber of Shipping (Canada)