Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Earth Science News .




ICE WORLD
Arctic shipping holds great promise for Asia
by Staff Writers
Beijing (UPI) Aug 21, 2013


disclaimer: image is for illustration purposes only

A shipping route through the Arctic's melting ice holds great promise for Asian companies, experts say.

The Northern Sea Route, also called the Northeast Passage, follows along the coast of northern Russia between the Bering Strait in the east and the north cape of Norway in the west.

A report Sunday in the British newspaper The Guardian noted the Arctic's summer ice cover has dropped by more than 40 percent in the last few decades, a notion "that is proving irresistible to shipping lines, not to mention mining companies as well as oil and gas exploration firms."

In choosing the Arctic route, shippers bypass the fractious Suez Canal region amid increasing violence in Egypt. A longer route, around Africa's Cape of Good Hope, to avoid the Suez would result in higher shipping costs.

"The most significant impact will be on the energy sector, especially between the Far East and Europe," Gary Li, a senior analyst at IHS Maritime, told The Wall Street Journal. Li emphasized Asian countries are well placed to exploit the route to access emerging oil and gas markets in Europe, especially Russia.

In May, China, India, Singapore, Japan and South Korea were granted observer status at the Arctic Council, an organization that focuses in part on boosting trade.

Earlier this month a 20,943-ton cargo ship operated by China's state-owned Cosco Group sailed from Dalian in northeast China to Rotterdam via the Northeast Passage.

While the voyage from Asia to Europe through the Suez Canal takes about 48 days, traveling by the Northern Sea Route will take about 35 days, Cosco says.

The reduction in sailing time, notes the Journal report, can create savings for shippers to offset such costs as additional insurance and the hiring of ice breakers, which may be needed to clear the path for vessels.

Gas condensate and iron have been shipped via the Northern Sea Route in the last few years, and last year Russia's Gazprom sent a load of liquefied natural gas to Japan as a test run.

However, the latest shipments on the Northern Sea Route include oil products headed east to Japan from Norway -- one of which has already arrived -- and high-quality diesel shipping from South Korea destined for Europe, the Journal report says, citing ship-tracking data.

The Guardian notes Russian authorities last week said permission had been granted for more than 370 ships to sale the route this year although it did not specify if those were energy-related shipments. Last year, only 46 ships sailed the entire length of the passage from Europe to Asia.

That compares with 18,000 vessels that passed through the Suez Canal in 2011, carrying 929 million tons of cargo.

.


Related Links
Beyond the Ice Age






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ICE WORLD
UM Scientists Use New Approach to Reveal Function of Greenland's Ice Sheet
Missoula MT (SPX) Aug 22, 2013
Findings from a large-scale ice drilling study on the Greenland ice sheet by a team of University of Montana and University of Wyoming researchers may revise the models used to predict how ice sheets move. The work was published in Science in a paper titled "Basal Drainage System Response to Increasing Surface Melt on the Greenland Ice Sheet." The bed of the Greenland ice sheet, hidd ... read more


ICE WORLD
Raytheon provides public safety a bridge from land mobile radios to smartphones and tablets

Mutualink Unveils Google Glass for Public Safety

Russia convicts officials of 2012 floods negligence

Disaster-weary Philippines mops up after deadly floods

ICE WORLD
Earliest known iron artifacts come from outer space

ORNL finding goes beyond surface of oxide films

Boeing Thin Disk Laser Exceeds Performance Requirements During Testing

Poisoning corrosion brings stainless magnesium closer

ICE WORLD
Epic ocean voyages of coral larvae revealed

EU slaps ban on Faroe Islands herring, mackerel imports

EU slaps trade sanctions against Faroes in herring spat

Newly discovered ocean plume could be major source of iron

ICE WORLD
Arctic shipping holds great promise for Asia

Greenpeace says Russia denies it Arctic access

Melting water's lubricating effect on glaciers has only 'minor' role in future sea-level rise

Earth orbit changes were key to Antarctic warming that ended last ice age

ICE WORLD
Scientists uncover the secret life of frozen soils

Fonterra 'let country down', NZ minister says on China visit

How will crops fare under climate change?

New contamination scare hits N. Zealand dairy industry

ICE WORLD
Russia scrambles to contain record floods

Taiwan braces for Tropical Storm Trami

Tropical Storm Trami lashes Taiwan

8 dead as heavy rains pummel flooded Philippines

ICE WORLD
South Sudan arrests general for rights violations

Mali court confirms Keita's landslide election win

China's Xi vows stepped up health cooperation with Africa: Xinhua

Keita wins by landslide in Mali presidential vote

ICE WORLD
Researchers say human foot not unique, more like those of great apes

Archaeologists find evidence of separate Neanderthal cultures in Europe

Spread of prehistoric peoples in California tied to environment

Research effort dates oldest known petroglyphs in North America




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement