Besides the Chennai-Vladivostok corridor, eyes are on the Northern Sea Route(NSR) - a route between Europe and Asia that may become a promising alternative to the Suez Canal, as it could reduce the distance between Europe and Asia from one month to less than two weeks.
Sputnik India has spoken to experts on why Russia and India need to look towards the comprehensive development of the Northern Sea Route, as well as the Chennai-Vladivostok Shipping Corridor, as an alternative to the Suez Canal, which has become burdened with all sorts of issues in recent years.
Commodore (retired) Seshadri Vasan, director-general of the Chennai Centre for China Studies (C3S), told Sputnik India that developing the Northern Sea Route as an alternative mode of connectivity between Asia and Europe makes "complete geopolitical sense".
"The Arctic Sea has been opening up and it is only natural for the maritime traffic to increase. I see the development of the NSR and the Chennai-Vladivostok corridor as a very positive step in that sense. There is also growing demand for Russian commodities in the Indian market and Indian finished products could find a seamless transit to the Russia markets and beyond," stated Vasan, an Indian Navy veteran.
He stressed that increasing competition in terms of having more connectivity routes between Asia and Europe would also end the near-monopoly of the Suez Canal.
'Navigational Hazard' Linked to Suez Canal on the Rise: Expert
"Navigational hazards refer to the threat of a conflict which could block the route, threats of piracy or any other traditional or non-traditional maritime threats", he explained.
Vasan pointed to a 2021 episode when the Suez Canal was closed to container traffic due to the grounding of the Ever Given tanker, disrupting maritime traffic for six days.
"For such a scenario, we need alternative and functioning alternative modes of connectivity", he stated.
"Shipping lanes are open to maritime traffic so I don't see any issue over there. The only necessity is increased investments in developing the ports in Russia and in Asia so that they are able to handle the maritime traffic in terms of loading and unloading operations,” the former Indian sailor reckoned.
"Over a period of time, the economic feasibility of the NSR, Chennai-Vladivostok Shipping Corridor will be determined by the volume of traffic and the development of the port infrastructure," added Vasan.
Northern Sea Route Has Already Proven to be ‘Cost Viable’
“Regular shipping from the Arctic east and then south down China's eastern seaboard then into southeast Asia is the obvious route”, remarked Devonshire-Ellis.
Devonshire-Ellis suggested that the Northern Sea Route could also prove to be beneficial for European Union (EU) economies in the long-run, if the current political situation between Moscow and the West stabilizes.
He remarked that the Northern Sea route could indeed become a “vital energy link” between energy-rich Russia and Asia, which is home to the world’s fastest-growing economies, including India, China and southeast Asian nations.
Several Challenges Still in the Way of Developing Northern Sea Route
“The Arctic Ocean is still going to remain a difficult passage - ice returns in the winter and will continue to be hazardous to shipping. The Arctic shelf off the Russian coast is also relatively shallow and prone to storms”, Devonshire-Ellis listed.
“Dealing with this, on a year-round basis, means developing new classes of ships that can transport gas (and oil) without the risk of any mishaps, while also being able to handle ice conditions and heavy storms. Russia has been discussing developing such vessels with India”, the business expert said.