Russia-China Arctic shipping surges as Putin courts investment
Lloyd’s List Intelligence data shows that 35 merchant vessels voyaged between Russian and Chinese ports via the Arctic maritime corridor through mid-October 2023, versus 21 for the whole of 2022
Russia is sending more tankers to China via the northern sea route, with the third non-ice class suezmax this year set to arrive in Rizhao soon. Chinese bulkers destined for the Mediterranean are cutting transit time despite navigational risks using the iced passageway, where container carriers are eyeing an expansion of the service
