Monthly Archives: March 2023

Belousov Instructed to Design the Redirection of Exports to Asia along the Northern Sea Route

March 3 2023

The agencies were instructed to submit a report to the government by March 10 on the redirection of transportation of goods exported to the countries of the Asia-Pacific region (APR) to the Northern Sea Route in 2023-2024. This instruction is contained in the Minutes of the State Commission for the Arctic of February 10, presided by Deputy Prime Minister Yuri Trutnev. It was reported to Interfax by a source familiar with the text of the protocol prepared following the meeting of the State Commission.

The Ministry for the Development of the Far East and Arctic (MDFEA), together with “Rosatom”, MoT, MoF and the authorities of the Arkhangelsk and Murmansk regions, were instructed to design the plan, taking into account the transportation of goods from the seaports of Murmansk and Arkhangelsk and the necessary state support measures to ensure the flow of goods, the source said.

In addition, MDFEA and “Rosatom” together with principal shippers, were instructed to submit proposals by March 31 on additional measures to ensure the achievement of the established KPIs for NSR cargo traffic in 2024, including in terms of domestic, export-import and transit traffic.

MoF together with MDFEA, “Rosatom” and VEB.RF, by March 1, must develop and submit for approval to the government a financial and economic model for the development of the NSR, providing for the plans of the principal shippers and the construction of icebreakers necessary to achieve target indicators of cargo turnover along the NSR.

Earlier, Mr. Trutnev who oversees the Arctic, noted: “The implementation of the NSR development plan is a very big job and very capacious in terms of money. Periodically, financing and timing issues arise at different nodes. We agreed that MoF, MDFEA, “Rosatom” and VEB.DV will create a unified NSR financial and economic model. I do not rule out that we will have to find new solutions in terms of financing these activities so that there is no shortage of financial resources anywhere. Maybe these are loans – we need to assess,” he said. According to him, the NSR financial model will apply to all projects: both those implemented by the state and private ones.

The source specified that the Ministry of Industry and Trade (MIT) and “Rosatom”, with the participation of the United Shipbuilding Corporation (USC) and “Transmashholding” (TMH), must submit proposals by March 14 to create domestic high-power engines for Arctic-class ships. At the same time, MIT, MDFEA, the Ministry of Economic Development and MoF were instructed to define the creation of a specialized fund for the purpose of buying out Arctic-class ships for operation in the NSR waterways.

According to the source, the State Commission also discussed the readiness of the infrastructure of the Ob-Irtysh and Yenisei river basins to ensure the export transportation of coal, lumber, grain products. The relevant departments, “Russian Railways”, “Rosatom” and the governor of the Omsk region Alexander Burkov were instructed to submit proposals to the government on the volume of transportation of these goods via the NSR before July 1.

Also, “Rosatom”, MoT, MDFEA and “Russian Railways” should elaborate the issue of creating a cargo port in the village of Ust-Kara (Nenets Autonomous District) to serve the NSR with the construction of the Vorkuta – Ust-Kara railway line. A report on this issue must be submitted to the government by March 10.


Fesco Transport Group opens a subsidiary in Turkey

March 3 2023

The Fesco transport group has opened a subsidiary in Turkey to develop transport and logistics services in the region, the company’s press service reported.

“The Fesco Transport Group has opened a subsidiary in the Republic of Turkey to develop transport and logistics services in the region. The headquarters is located in Mersin. Fesco Turkey will provide a full range of transport and logistics services to customers in Turkey,” the report says.

The company’s activities will be aimed at organizing the delivery of project cargoes for enterprises under construction in Turkey and the countries of Central Asia in the energy, petrochemistry and gas chemistry sectors.

“The increased role of Turkey in trade with Russia allowed Fesco to significantly expand the range of its logistics services in the Black Sea and the Eastern Mediterranean last year. Seeing strong demand from both Turkish and Russian companies, we decided to open a subsidiary in the republic. This will strengthen the expansion of Fesco in the region,” said Andrey Severilov, Chairman of the Board of Directors of Fesco, whose words are quoted by the press service.


From Cyprus to Russia: Global Ports shareholders approved the change of the country of registration

March 2 2023

Global Ports Investments PLC announced the results of an extraordinary general meeting of its shareholders, which took place under the chairmanship of Artemis Tomaides.

The shareholders decided to approve the redomiciliation of the company from the Republic of Cyprus to the Russian Federation – Russky island of Primorsky Territory, as well as to appoint Albert Likholet to the post of general director in accordance with the legislation of the Russian Federation after changing the legal regime of the country of registration.

Global Ports Investments PLC is a leading operator of container terminals in the Russian market in terms of capacity and container cargo turnover.

Global Ports terminals are located in the Baltic and Far East, which are key regions of foreign trade cargo flows. Global Ports operates a network of five marine container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the Baltic, and Vostochnaya Stevedoring Company in the Far East) and two in Finland (Multi-Link terminals in Helsinki and Kotka). Global Ports also owns the internal Yanino Logistic Park container terminal near St. Petersburg.