Transit traffic on the Northern Sea Route (NSR) has increased considerably in the last few years, in relative terms. There is no clear pattern of transit cargo on the NSR and little indication that cargo owners or shipping companies have committed themselves to use of this sea route for the longer term. An important exception to this picture is the Yamal LNG (liquefied natural gas) project, which will be based on year-round use of the NSR. Administrative procedures have improved and escort fees have become competitive, but are not transparent.
Northern Sea Route: Humming with Activity
As the ice thins in the Arctic, the commercial feasibility of the northern sea route is increasing rapidly. Five years ago there was no activity; this year about 1.5 million tonnes of cargo will be transported through the NSR.