Home MarketsStatisticsArctic Shipping GAC Russia joins forces with Far East Development Fund to develop Northern Sea Route

GAC Russia joins forces with Far East Development Fund to develop Northern Sea Route

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Igo Polyakov

Igo Polyakov

Partnership will work closely with shipping community to optimise and facilitate shipping along the NSR

Sabetta,  14 April 2016 – GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR), and to make this transport corridor more attractive to ship and cargo owners.

The strategic partnership’s first move will be to conduct extensive research within the shipping community to collect data on NSR navigation experiences. Building on this feedback and the belief that the NSR will be a significant factor in the future development of global maritime trade, the initiative will then explore a range of options to make it more competitive and attract more traffic.

Dennis Askinadze

Dennis Askinadze

Denis Askinadze, Managing Director of the Far East Development Fund, says: “It would be hard to overstate the significance of the NSR for Russia’s economy. It has been an important transport corridor contributing to the economic growth both of the Arctic regions and of Russia as a whole. Pursuing the goal of practical development of the NSR and drawing on the GAC Russia team’s extensive local knowledge of the Arctic region and global shipping and logistics expertise, we believe that this partnership will address the challenges and help to form a hands-on solution for all users of the NSR.”

Arkady Podkopaev, GAC Russia’s Managing Director, notes that the company’s  operational bases in Murmansk and Sabetta, combined with a network of well-established agents along the NSR enables it to provide a single point of contact for integrated shipping and logistics services in the Arctic region.

“It’s a complex area in which we’re well-versed, ” he adds. “We’re committed to providing optimal support to our client base and reducing their costs. With that in mind we are about to conduct a client survey, to ascertain the needs and concerns of those using the NSR, and to ensure that we address the same.”

The survey will involve shipping companies ranging from those who have already used the NSR to those who have ruled it out for now. Their feedback will form the robust foundation on which GAC Russia and the Far East Development Fund will build their future strategies and, in GAC’s case, deliver services precisely aligned with specific needs.

“We firmly believe we’re on course to make the NSR more attractive to shipping companies and encourage them to take advantage of the shorter distance and time benefits on offer, ” concludes Podkopaev. “Our aim is to bring about fast and positive change by 1 July 2016 when summer navigation commences, and all those who take part in the survey will in turn benefit from the expected mitigation of economical, technical and organisational challenges highlighted leading to optimum support during their NSR navigations.”

Participation in the survey is open to all and it can be accessed herehttps://www.research.net/r/northernsearoute

For more about GAC Russia’s shipping, logistics and marine services go towww.gac.com/russia.

For more about Open Joint Stock Company (OJSC) the Far East and Baikal Region Development Fund go to www.fondvostok.ru/eng.



About GAC GroupGAC is a global provider of integrated shipping, logistics and marine services. Emphasising world-class performance, a long-term approach, innovation, ethics and a strong human touch, GAC delivers a flexible and value-adding portfolio to help customers achieve their strategic goals.Established since 1956, GAC employs over 9, 000 people in more than 300 offices worldwide.Sign up for GAC’s free HOT PORT NEWS email for daily updates from ports around the world and RED HOT PORT NEWS for free SMS alerts of breaking news atwww.gac.com/hpn.
Follow GAC Group on Facebook at www.facebook.com/GACGroup, LinkedIn atwww.linkedin.com/company/gac-group and Google+ at https://plus.google.com/+GacGAC-GroupAbout Far East Development Bank
OJSC “The Far East and Baikal Region Development Fund” is a sovereign fund, with a mandate to stimulate social and economic development by supporting infrastructure and industrial projects in the Far East and Baikal Region of the Russian Federation.

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