MOL to Develop Northern Sea Route Shipping with Russia – gCaptain
▻http://gcaptain.com/mol-to-develop-northern-sea-route-shipping-with-russia
Japanese shipping company Mitsui O.S.K. Lines has reached an agreement with the Russian government to help develop maritime shipping along the Northern Sea Route and the Russian Far East as melting ice in the Arctic makes commercial shipping in the region a more viable option for transporting cargoes from between Europe and Asia.
MOL signed a Memorandum of Understanding on Monday with the Far East Investment and Export Agency under the Russian Federation for the Development of the Far East to cooperate with each other on the development.
MOL has been working with Russia on the chartering of vessels for Russia’s Yamala LNG Project, the world first large-scale energy project that exports LNG cargoes through the Northern Sea Route. MOL’s first of three icebreaking LNG carriers for the project, named Vladimir Rusanov, is slated to enter service at the end of March. MOL has also been working on feasibility study with PAO Novatek, the largest independent gas producer in Russia and the main shareholder of the Yamal LNG project, which is aimed at establishing an LNG transshipment terminal and marketing complex in the Kamchatka area.