Goods turnover in the Murmansk port is down more than 50% since 2010.

In five years, goods turnover at Russia’s leading Arctic port has dropped by more than 50 percent. The port, a cornerstone infrastructure object in Murmansk Oblast, in the first ten months of 2015 had a 3,8 percent decline compared with the same period 2014, the Independent Barents Observer reports.

That result brings goods turnover in the regional port to the lowest level in 13 years. In year 2002, the port handled 21,5 million tons, figures from Patchwork Barents shows. In 2015, the volume is likely to drop to below 22 million tons.

Meanwhile, in year 2010 goods turnover at the port exceeded 56 million tons.

Paradoxically, the weak results comes as the Arctic port celebrates its 100-year anniversary. With great bravour, the port in early September this year assembled distinguished guest for a great city party.

”As we cross the 100-years border, we enter new era, which places in front of us new responsibilities”, port General Director Alekandr Masko said in a public speech. ”The port will always respond to the challenges of the ruling times”, he added, a press release from the port reads.

Read the whole story at the Independent Barents Observer