China is breaking into Arctic transport through a joint venture between the country’s biggest ocean carrier, Cosco Shipping Holdings Co., and its Russian counterpart PAO Sovcomflot to move natural gas from Siberia to Western and Asian markets.
The state-owned companies will operate a fleet of a dozen ice-breaking liquefied natural gas tankers from Russia’s massive Yamal LNG project along the northern coast of central Siberia to destinations in Northern Europe, Japan, South Korea and China. China Shipping LNG Investment Co., a Cosco unit, will operate another nine such vessels, according to maritime data provider VesselsValue Ltd.…The Arctic New Silk Road is open for business.
Checkpoint Asia
Russia and China to Jointly Transport Siberan LNG to Asian and Western Markets
Costas Paris for Wall Street Journal
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