• Home
  • News
  • Videos
  • Marine Tech
    • Air Compressor
    • Ship Generator
    • Oily Water Separator
    • Ship Stabilizer
    • Boiler
  • Navigation
    • Mooring
    • Watchkeeping
    • Maneuvering
    • Anchoring
    • Equipment
  • Maritime Law
  • More
    • Case Studies
    • Life At Sea
    • Maritime Knowledge
    • Marine Careers
    • Naval Arch
    • Ship Safety
    • Shipboard Guidelines
    • Forums
    • Types of Ships
    • Financial Planning
    • Photos
    • Apps
  • Premium E-Books
  • Free E-Books
  • Home
  • News
  • Videos
  • Marine Tech
    • Air Compressor
    • Ship Generator
    • Oily Water Separator
    • Ship Stabilizer
    • Boiler
  • Navigation
    • Mooring
    • Watchkeeping
    • Maneuvering
    • Anchoring
    • Equipment
  • Maritime Law
  • More
    • Case Studies
    • Life At Sea
    • Maritime Knowledge
    • Marine Careers
    • Naval Arch
    • Ship Safety
    • Shipboard Guidelines
    • Forums
    • Types of Ships
    • Financial Planning
    • Photos
    • Apps
  • Premium E-Books
  • Free E-Books

Marine Insight

The Maritime Industry Guide

You are here: Home › Shipping News › COSCO SHIPPING, NOVATEK, Sovcomflot And Silk Road Fund Sign Agreement In Respect Of Maritime Arctic Transport LLC

COSCO SHIPPING, NOVATEK, Sovcomflot And Silk Road Fund Sign Agreement In Respect Of Maritime Arctic Transport LLC

By MI News Network | In: Shipping News | Last Updated on June 13, 2019

TwitterFacebookLinkedInPinterestBuffer

In the presence of Russian Deputy Prime Minister Maxim Akimov, COSCO SHIPPING, PAO NOVATEK, PAO Sovcomflot, and Silk Road Fund signed an Agreement in respect of the Maritime Arctic Transport LLC (“MArT”) in St. Petersburg, Russia on June 7, local time. Chairman of COSCO SHIPPING Capt. Xu Lirong, Executive Director and President of Silk Road Fund Mr. Wang Yanzhi, Chairman of the Board of PAO NOVATEK Mr. Leonid Mikhelson, and President and CEO of PAO Sovcomflot Mr. Sergey Frank signed the Agreement on behalf of each party.

COSCO SHIPPING, NOVATEK, Sovcomflot and Silk Road Fund Signed an Agreement in Respect of Maritime Arctic Transport LLC

Image Credit: .coscocs.cm

The signing of the Agreement is a key step taken by Chinese and Russian enterprises to actively participate in the commercialized operation of the Northern Sea Route (NSR). It will inject new opportunities and impetus for the joint development and exploitation of NSR by enterprises from the two countries.

According to the Agreement, the four parties intend to establish a long-term partnership providing for the joint development, financing and implementing year-round logistics arrangements for shipping from the Arctic zone of the Russian Federation to the Asia-Pacific region, as well as organizing transit cargo traffic along the NSR between Asia and Western Europe.

It is also agreed among the parties that this move can help push forward the development of NSR into an international commercial transport corridor between the Pacific and Atlantic basins. It will play a big part in further optimizing the international trade corridors and facilitating world connectivity and economic growth.

Executive Vice President of COSCO SHIPPING Mr. Huang Xiaowen, executives from the Strategy & Corporate Management Division and Public Relations Division, as well as heads of COSCO SHIPPING Energy and COSCO SHIPPING Europe were also present at the signing ceremony.

Reference: coscocs.com

Report an Error

Related Posts

Novatek_SCF_LNG
Russian Shipping Giant ‘Sovcomflot’ To Sell Ships Ahead Of Sanction Deadlines
10 Important Points of Useful Information For Seafarers
Shipping Companies Giving Employees Bonuses Of Up To 30x Their Annual Salaries
World's First “Zero-Carbon” Smart Terminal Being Built At Tianjin Port -
World’s First “Zero-Carbon” Smart Terminal Being Built At Tianjin Port
Over 200 guests participated
MOL And COSCO Jointly Host 3rd Shanghai International LNG Shipping Forum

Tags: COSCO Shipping NOVATEK Silk Road Sovcomflot

Want to share your tips and advice? Got questions? Visit the community forum to ask questions, get answers, meet people, and share your tips!

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular Now

all women crew vessel

Photos: All-Women Crew Embarks On An Expedition – International Day For Women In Maritime

autonomous vessel AI identification

Watch: Autonomous Vessel Avoids Collisions, Completes 800Km Voyage Without Human Assistance

Seafarers win commitment to mandatory internet access in international law

Seafarers Win Commitment To Mandatory Internet Access In International Law

SeaHarbor

World’s First “Under Water Entertainment Platform” Submarine Revealed (Photos)

navy vessel

Pirate Attack On Cargo Vessel Prevented By Iranian Navy In Gulf Of Aden

Marine Engineering

  • Marine engine
  • Air compressor
  • Marine boiler
  • Oily water separator
  • Marine Electrical
  • Ship Generator
  • Oily water separator

Nautical Science

  • Mooring
  • Bridge Watchkeeping
  • Ship Manoeuvring
  • Nautical Charts
  • Anchoring
  • Nautical Equipment
  • Shipboard Guidelines

Explore

  • Free Maritime eBooks
  • Premium Maritime eBooks
  • Marine Safety
  • Financial Planning
  • Marine Careers
  • Maritime Law
  • Ship Dry Dock

More

  • Shipping News
  • Maritime Reports
  • Videos
  • Maritime Piracy
  • Offshore
  • Safety Of Life At Sea (SOLAS)
  • MARPOL
  Privacy Policy   |   Refund Policy   |   Contact Us  |   Disclaimer   |   About Us   |   Team   |   Advertise  |   Send Us News

Copyright © 2010 - 2022 Marine Insight — All Rights Reserved | Made with ♥ in India DMCA.com Protection Status

This website uses cookies to ensure you get the best experience on our website