10JUN2019 - NEWS - Russia and China set up Arctic shipping joint venture

Russian state-run shipping major Sovcomflot and energy firm Novatek signed an agreement with Chinese state-run shipping conglomerate Cosco Shipping and Silk Road Fund to establish joint venture Maritime Arctic Transport at the  St. Petersburg International Economic Forum.

The focus of the joint venture is to manage an icebreaking tanker fleet of Arctic ice-class vessels, comprising existing and new vessels, engaged in the transportation of LNG for current and planned Novatek projects including Yamal LNG, Arctic LNG 2 and others.

Published by Editor - www.Livebunkers.com at 10-Jun-2019 03:41:46 [UTC] , contact editor at editor@livebunkers.com