China to boost Northern Sea Route services adding 10 box ships
CHINESE shipping company NewNew Shipping Line will add an additional eight to 10 containerships on the Northern Sea Route (NSR) next year, reports Singapore's Splash 247.
According to Russian media, NewNew Shipping Line's representative Ke Jin revealed this at the Eastern Economic Forum in Vladivostok.
Mr Jin also stated that 10 more voyages would be made by the end of the year and that the voyages were more profitable since they saved up to 20 days when compared to the traditional round voyage between Shanghai and St Petersburg.
He was quoted by media outlet PortNews as stating that the NSR was a safer route with no threat from pirates and that ships don't suffer delays due to congestion like in the Suez Canal.
In July 2023, NewNew Shipping Line, which is part of the Torgmoll logistics group, launched a regular 25-day container line between China and Arkhangelsk, St Petersburg and Kaliningrad.
The line is serviced by four containerships, but the company has previously announced plans to put five vessels on the NSR during the 2023 season. When five are in operation, four ships are to work on the route from China to St Petersburg and Kaliningrad while one ship was supposed to work on the route from China to Arkhangelsk.
According to VesselsValue, NewNew Shipping has four vessels in its fleet. It is also waiting on two purchased vessels to be delivered.
source:SchedNet
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