Scientific & Practical Journal
Editorial News
Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
Dear readers! We present to your attention the 11th issue of the LOGISTICS magazine, where you will find relevant materials and articles. And again, the focus is on international cooperation. An important event in this area was the International Trade Day 2024 Forum, held on November 7, 2024 in Moscow.
Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
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All News of Logistics
ISS GS and CREON Group form consortium with Chinese project logistics leader CSL-VASTWIN
Partnership is aimed at providing logistics solutions for large-scale industrial projects in Russia.
Several multi-billion investment projects are about to be launched in Russia’s energy sector. But the market is lacking specialized companies to provide high-end project logistics solutions. For this reason, CREON Group and China’s logistics leader COSCO agreed to form a consortium to contribute to large-scale industrial projects such as Liquefied Natural Gas (LNG) plant Arctic-2 planned by Novatek and its partners.
The signing ceremony took place in Moscow during the annual Russia-China conference of the Russian International Affairs Council. Mr. Ge Hua, CEO of COSCO’s Joint Venture CSL-VASTWIN, signed on behalf of the Chinese company. This logistics giant’s entity is specialized on global logistics solution for industrial projects and will ensure shipments across China. Logistics solutions in Russia will be provided by Inventra, part of CREON Group. Shipments of components from Southeast Asia will be coordinated by Creon Energy Asia, while the Luxembourg-based logistics company will focus on EU markets.
Processing hydrocarbons and gas liquefaction continue to be major trends in the Russian industry. The investment volumes in oil and gas downstream projects are expected to exceed 100 billion USD within the next five years. CREON Chairman Dr. Fares Kilzie said: “When companies such as Novatek realize their ambitious investment plans in the Arctic, they must rely on professional logistics providers to keep the deadlines and budgets. Our consortium is ready to take the challenge and tackle the complexity”.
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