Arctic Basin Ports’ Throughput in October 2020: Crude Oil Down

Arctic Basin Ports’ Throughput in October 2020: Crude Oil Down

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    The article is based on SeaNews PORTSTAT online service (available for SeaNews subsribers).

    According to SeaNews PORTSTAT analytic online service, the total cargo throughput via the Russian Arctic basin ports in October 2020 decreased by 3.5%. Export declined by 2.7%, and cabotage was down 5.6%. Import, on the contrary, surged by 64.9%.

    The share of the Arctic basin in the total cargo traffic via all the Russian seaports in October 2020 amounted to 12.1%.

    43.3% of the total cargo traffic was crude oil, LNG accounted for 17.8% and coal and coke for 17.7%.

    The highest growth was in the other bulk (suction) segment (up 9.7-fold), metal scrap (up 4.1-fold) and ferrous metals (up 3.4-fold).

    The commodities that decreased the most were crude oil (-14.9%), oil products (-12.3%), and reefer cargo (-7.9%).

    Murmansk accounted for 60.2% of the aggregate cargo throughput via the Russian Arctic basin sea ports in October. Sabetta handled 27.1%, and Varandey 4.9% of the total.


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