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Below is a map highlighting major oil and gas fields and the two main Arctic shipping routes. Source: USGS, Science Magazine and the Arctic Council. Illustration: Dana Lipnickas/CNNMoney ...
With two weeks left for public comments, the U.S. Federal Maritime Commission is probing constraints on key global shipping ...
For example, the distance for a container ship from Asia to Europe through the northeast passage can be up to three times shorter, compared to traditional routes through the Suez Canal or around ...
Shipping companies are also poised to gain through the opening of new Arctic trade routes. The most consequential of these will be along Russia's northern coastline. This "northern sea route" (NSR ...
but it underscores the rapidly rising value of the massive, ice-covered island due to global warming and to China's drive for an Arctic presence.
This has increased opportunities for commercial shipping ... compared to traditional routes through the Suez Canal or around Africa. The economic promise of the Arctic, and particularly the ...
Simply sign up to the Climate change myFT Digest -- delivered directly to your inbox. Arctic sea ice hit a record low for the end of the region’s winter last month, in a stark sign of how climate ...
For example, the distance for a container ship from Asia to Europe through the northeast passage can be up to three times shorter, compared to traditional routes through the Suez Canal or around ...