By cryptoandcoffee on Skatehive
source DP World which stands for Dubai Ports International along with Rosatom the Russian Nuclear company operating the Russian Ice Breaking fleet have partnered up in a joint venture. DP World will be investing $2 billion as part of their 49% share holding, but gives them access and control to all the ports along the Northern Sea Route (NSR). The $2 billion buy in sounds pretty cheap compared to the upside which is bound to happen. This joint venture between Rosatom and DP World was first announced back in 2021 and then October 2023 with nothing ever materializing. With more details of the deal this week being revealed it seems both parties are now ready to move forward. The Middle East conflict has created a shipping crisis and the NSR could be an alternative route. The Northern Sea Route and it's expansion is the reason with this joint venture and will split the Russian container company FESCO 51% to 49%. FESCO stands for Far Eastern Shipping Company. Rosatom will give up it's curre