More shipping started through the Arctic, and given the benefits one might imagine that this will pick up quickly over the next decade.
"The Northern Sea Route to China across the Arctic is shorter than routes through the Suez Canal. According to the partners, the route has the potential to generate significant savings for both cargo and ship owners, and in addition during this voyage there is no threat of piracy.
The fuels savings alone add up to approximately US$180,000, according to Christian Bonfils, managing director of Nordic Bulk."
http://www.bairdmaritime.com/index....hrough-the-arctic-to-china&catid=67&Itemid=58
"The Northern Sea Route to China across the Arctic is shorter than routes through the Suez Canal. According to the partners, the route has the potential to generate significant savings for both cargo and ship owners, and in addition during this voyage there is no threat of piracy.
The fuels savings alone add up to approximately US$180,000, according to Christian Bonfils, managing director of Nordic Bulk."
http://www.bairdmaritime.com/index....hrough-the-arctic-to-china&catid=67&Itemid=58
