Investment Portal of the Arctic Zone of the Russian Federation

In 2023, transit along the North Sea Route reached a record high of 2.1 mn tons

According to a Rosatom representative, the transit cargo flow is an indicator of the North Sea Route's demand, making its growth significant for the maritime logistics business.

14 November 2023

Transit cargo transportation along the North Sea Route (NSR) in 2023 reached a record high of 2.1 mn tons, with oil being the primary cargo, Vladimir Panov, Rosatom's special representative for Arctic development, told Interfax.

The total volume of cargo transported along the North Sea Route in 2022 was 34 mn tons. As Panov noted, from January to October 2023, a total of 31.4 mn tons of cargo was transported along the NSR, which is a 6% increase compared to the same period last year.

In discussing the composition of transit cargoes on the North Sea Route in 2023, Panov revealed that oil was the primary cargo, with approximately 1.5 mn tons transported. Around 350 thousand tons were attributed to iron ore concentrate. Both Gazprom and ELSI Mining dispatched a single ship each carrying 70,000 tons of liquefied natural gas.


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