The growth rate is constrained by a shortage of Arc6 and Arc7 ice-class tankers capable of independent navigation throughout the year, meaning most shipments are concentrated in the summer window that is now ending. Russian shipyards are currently building new fleets to resolve the deficit, while the Vostok Oil project will further increase Arctic transit volumes over the coming years.
Tuesday, October 20, 2026
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Russian Arctic Oil Exports Jump 50% on Freight Cost Crisis
Commodities1 day ago
Russia has shipped approximately 20 million barrels of oil to Asia through the Northern Sea Route since July, according to shipping data. These volumes represent a nearly 50% increase over the previous season and are driven by higher freight costs caused by global trade disruptions.
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