The State Atomic Energy Corporation ROSATOM declares that it is going to become one of the 15 leaders of sea transportation in the world. This is reported by the newspaper Vedomosti with reference to the presentation of the company prepared for VTB, Sberbank, Gazprombank and Promsvyazbank.
Rosatom plans to intercept some of the southern cargo flows from Asia to Europe through the Pacific and Indian oceans, the Suez Canal, the Mediterranean Sea and the Strait of Gibraltar to the Northern Sea Route (NSR). The matter concerns 72 million tons of cargoes out of 1 billion tons of the southern routes. The shippers are going to be attracted with the help of shorter delivery time - to transport cargoes along the Northern Sea Route by 10-32% faster. It is planned that delivery from the nuclear “giant” will be possible next year.
In order to achieve the set goal it will be necessary to build new vessels, to increase the capacity of ports, to invest in fleet repair and floating docks. The state corporation plans to find $6.97 billion for this purpose, $5.76 billion of which will be spent on shipbuilding.
“Rosatom plans to finance the project at the expense of its own funds (21%), bank loans (50%) and by reinvesting the project cash flows (29%),” the statement says.
If it will be possible to implement the planned, by 2023 the state corporation expects to get a profit of $700 million per year, and from 2026 to reach a peak value of $5.6 billion.
Currently, Rosatom icebreakers are only busy escorting vessels along the Northern Sea Route (NSR).
A representative of VTB told the newspaper Izvestia that the bank “is considering the possibility of financing the construction of nuclear-powered icebreakers and other Arctic projects of the state corporation”. The rest of the banks refrained from commenting.