Hong Kong's Cathay Pacific Airways expects its first-half net profit to surge by up to 75% to HK$6.5 billion (US$829 million), driven by increased passenger and cargo traffic, alongside a HK$1.4 billion gain from its Air China interest dilution.
Russia aims to increase cargo traffic along the Northern Sea Route to 70 million metric tons by 2030, according to Vladimir Yakushev, First Deputy Speaker of the Federation Council. He emphasized the route's global strategic importance and the need for policies prioritizing the people living and working in the Arctic and Far East regions.
Russia and China plan to boost cargo traffic via the Northern Sea Route and enhance rail, road, and sea transit between China and Europe through Russia, according to a joint statement after talks in Beijing.
Cargo traffic along Russia's Northern Sea Route has increased from 4 to nearly 38 million tons over the past decade, Deputy Prime Minister Yury Trutnev reported. Russia plans to build four more nuclear-powered icebreakers, at least 10 rescue vessels, and 12 satellites by 2035 to further develop theArctic shipping route.
