MSC Joins Ranks of Global Shippers Swearing Off NSR

On October 18, the Swiss-Italian Mediterranean Shipping Company – the world’s second-largest shipping company by container vessel capacity – said it would not use or explore the Northern Sea Route, joining CMA CGM, Maersk, and Hapag-Lloyd among the ranks of global shipping companies that have sworn off using the Northern Sea Route due to concerns about the environmental impact of increased Arctic shipping.  Maersk is the only one of these ...

Rosatom Subsidiary to Acquire Controlling Stake in Chile Lithium Project

On October 15, Rosatom’s mining subsidiary, Uranium One, signed a memorandum of understanding with Canada’s Wealth Minerals that gives it the right to buy a controlling stake in a major lithium project in Chile’s Atacama desert.  Wealth Mineral’s decision to sign the agreement is motivated in part by Uranium One’s possession of processing technology that uses a catalyst material to extract lithium, avoiding the need for ...

Duterte Visit to Moscow: Seeks Military, Energy Cooperation

Philippines President Rodrigo Duterte made a state visit to Moscow October 2-6. Among other points, Duterte invited Rosneft chief executive Igor Sechin to invest in oil and gas development in the Philippines. Comments shortly thereafter by Philippines Ambassador to Russia Carlos Sorreta suggested that the fact that Russia is not a claimant state in the South China Sea (unlike China) played a role in Duterte’s proposal, but ...