Scrap metal throughput via the Russian Arctic basin ports declined by 62pc in January on an annual basis, according to the latest SeaNews PORTSTAT data.
Shipments of non-ferrous metals, and coal and coke, declined by 24.5pc and 33.6pc, respectively, while ferrous metal exports and imports rose by 2.5 times in January compared to the same period last year.
The Arctic basin’s share of total cargo traffic through all Russian seaports was 12pc in January. Throughput and cabotage decreased by 12.2pc and 3.2pc, respectively.
Total imports through North Russian ports witnessed the sharpest drop in January, falling by 98.7pc from the previous year, while exports were down by 16.4pc during the same period under review. In terms of individual seaports, Murmansk had the highest cargo traffic at 59.8pc, while Sabetta and Varandey handled 31.1pc and 4.5pc of the cargo in January.