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For Severnaya Zvezda, ships will be built to export coal along the NSR

For Severnaya Zvezda, ships will be built to export coal along the NSR
Photo: pixabay.com

Severnaya Zvezda, owned by Roman Trotsenko's AEON, will announce a tender for the construction of ships to export coal along the Northern Sea Route. The company needs 28 ice-class vessels by 2032.

Based on materials report "CAA: Weekly Review of the Russian Coal Market", the total cost of these vessels could be $ 1,4 billion. According to the May decree of the President of the Russian Federation, by 2024 the cargo traffic of the Northern Sea Route should increase to 80 million tons, but in July last year, Vladimir Putin indicated that due to the decline in economic activity as a result of the pandemic, it must be reduced to 50-60 million tons by 2024. In 2019, cargo traffic along the NSR amounted to 31 million tons. Last year, 33 million tons of oil, liquefied natural gas and metals were delivered via this route. Despite the fact that the supply of coal was not carried out, its transportation is included in the strategy of the "North Star".

Exporters are concerned about the shortage of the icebreaker fleet and ice-class vessels with a possible increase in traffic on the NSR. The fleet deficit by 2030 may amount to 48 ships.

Glavgosexpertiza in December last year issued a permit to Severnaya Zvezda to build the first stage of a coal mine in the southwestern section of the Syradasai coal deposit in Taimyr. The design capacity of the first stage of the open-pit mine will be five million tons per year with a potential increase to ten million tons. Coal mining is scheduled to start in 2021. The estimated reserves of the Syradasay coal deposit are 5,7 billion tons of coal. Glavgosexpertiza also allowed the construction of the Taimyr enrichment plant with a capacity of five million tons per year. In addition, Severnaya Zvezda plans to build a coal terminal located 87 km from the port of Dikson on Taimyr.

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