A Study North Sea Route and Its Success Factors as a Emerging Global Transport Option

Abstract

This article analyses freight volume and NSR growth. The project aims to determine what affects NSR freight and offer improvements. The research developed an endogenous-exogenous paradigm. Model variables: Endogenous variable Y is NSR freight tonnage; exogenous variables include competitive conditions and socio-economic indicators, such as RFAZ's socio-economic growth index, and factors impacting cargo transportation efficiency. The Suez Canal and Trans-Siberian Railway competed for cargo. This contains RFAZ's population (in thousands), gross regional product (in million rubles), monthly wages, and fixed asset investments. The yearly Brent crude price determines shipping efficiency, the number of Russian-operated icebreakers, and the minimum Arctic ice cover in square kilometres. Most relevant were freight transportation factors. The icebreaker fleet service tariff is the most significant based on $/ton, the number of Russian icebreakers, and the million-square-kilometre minimum Arctic coverage.