Stena Bulk teamed up with South Korea's Hyundai Glovis to transport 44,000 tonnes of naphtha from Ust Luga, near Saint Petersburg, to Yeosu last year. Photo: SCMP Stena Bulk teamed up with South Korea's Hyundai Glovis to transport 44,000 tonnes of naphtha from Ust Luga, near Saint Petersburg, to Yeosu last year. Photo: SCMP
Stena Bulk teamed up with South Korea's Hyundai Glovis to transport 44,000 tonnes of naphtha from Ust Luga, near Saint Petersburg, to Yeosu last year. Photo: SCMP

Melting Arctic ice paves the way for South Korean oil hub

Country eyes role as storage centre in regionas melting Arctic ice opens up trading route from Europe to Asia

Stena Bulk teamed up with South Korea's Hyundai Glovis to transport 44,000 tonnes of naphtha from Ust Luga, near Saint Petersburg, to Yeosu last year. Photo: SCMP Stena Bulk teamed up with South Korea's Hyundai Glovis to transport 44,000 tonnes of naphtha from Ust Luga, near Saint Petersburg, to Yeosu last year. Photo: SCMP
Stena Bulk teamed up with South Korea's Hyundai Glovis to transport 44,000 tonnes of naphtha from Ust Luga, near Saint Petersburg, to Yeosu last year. Photo: SCMP
READ FULL ARTICLE