Northern Sea Route oil shipping on the rise | Shipping | Platts

Russia has an ambitious plan to turn the Northern Sea Route through Arctic waters into a major international trade artery, particularly for oil and LNG, with more and more companies testing its feasibility.

The NSR has a number of advantages over the traditional route from northern Europe to the Asia-Pacific region — via the Suez Canal and the Strait of Malacca — but its difficult, icy waters and harsh climate pose their own risks.

The NSR allows vessels to travel east from the Barents Sea along the Russian coast, through the Bering Strait and then down to the Pacific Ocean.

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via Northern Sea Route oil shipping on the rise | Shipping | Platts.

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