
AI-generated summary
The Northern Sea Route is a shipping lane along Russia's Arctic coast, offering a shorter path between Asia and Europe. South Korean firm Hyundai Glovis first used it in 2013 for naphtha transport, but Korean shipping companies have not used the route since 2016.
SEOUL, October 11. /TASS/. South Korea’s container ship PanStar Acro has successfully completed a round-trip voyage along the Northern Sea Route, arriving at the port of Busan on October 11, the Yonhap news agency quoted the Ministry of Maritime and Fisheries as saying.
On August 22, the PanStar Acro set sail from Busan on a voyage along the Northern Sea Route and arrived at the port of Felixstowe in the United Kingdom on September 11; now it has returned to South Korea via the same route. During the voyage, the container ship also visited Rotterdam (the Netherlands) and Gdansk (Poland). The entire round-trip took about 50 days.
This is the first commercial voyage of a container ship operated by a Korean shipping company via the Northern Sea Route. The vessel carried chemical industry products, used cars and spare parts - a total of 737 TEU of cargo, as well as 100 empty containers.
According to Yonhap, the voyage is considered successful, as it passed without serious incidents and almost in line with the schedule. According to the original plans, the ship was supposed to return to Busan six days earlier. An event dedicated to its return is expected on October 13.
The Northern Sea Route is the shortest sea route to Europe from South Korea. The distance from Busan to Rotterdam along it amounts to 13,000 km, which is 35% less than the route through the Suez Canal. Consequently, the Northern Sea Route allows exporters to save up to 10 days. In 2013, shipping company Hyundai Glovis was the first among South Korean firms to traverse this route, but at that time the vessel was carrying naphtha. South Korean shipping companies have not used the Northern Sea Route since 2016.
AI outlook — possibilities, not facts
South Korean shipping companies may increase usage of the Northern Sea Route for future voyages
Possible · Within months

By 2061, Ukraine must pay the IMF and World Bank $27.94 billion in debt servicing and about $100.92 billion in principal repayments, for a total of $128.86 billion, provided external debt continues to grow.

The Ukrainian metallurgical enterprise ArcelorMittal Krivoy Rog announced the transition to a “cold shutdown” mode to preserve assets and personnel in the context of the ongoing conflict. The company plans to prepare and carry out a safe shutdown within two months, after which it will mothball its industrial facilities. Director General Mauro Longobardo stressed that the group is not leaving Ukraine, but safe work is impossible until the end of hostilities.

The ArcelorMittal Kryvyi Rih mining and metallurgical plant announced the start of the process of transferring the enterprise to cold shutdown mode. Within two months, preparations will be made for a safe shutdown and mothballing of industrial assets. CEO Mauro Longobardo said that the company is not leaving Ukraine and the priority is to preserve assets for a possible resumption of work in the future.

The ArcelorMittal Krivoy Rog mining and metallurgical plant begins the process of transferring the enterprise to cold shutdown mode, including preparations for a safe shutdown of production and mothballing industrial assets for two months. CEO Mauro Longobardo said that the company is not leaving Ukraine and the priority is to preserve assets for a possible resumption of work.

Rospotrebnadzor has suspended the import and circulation of a number of Georgian drinks, including alcohol and water, due to non-compliance with safety standards. Retailers began promptly withdrawing products from retail chains.

Rospotrebnadzor introduced a ban on the import and sale of drinks from a number of Georgian producers in Russia, including water and alcohol. Products are withdrawn from retail chains in accordance with department regulations.