Wed, Aug 21, 2013 - Page 9 News List

China sails ahead on Arctic shipping route

Global warming means that the Arctic’s fabled Northern Sea Route could soon be ice-free during the summer, slashing journey times for cargo ships sailing from the Far East to Europe. Experts say this may change the face of world trade, with No. 1 exporter China as the major beneficiary

By Robin McKie  /  The Guardian, LONDON

“For the next decade, I would have thought that the expanded Panama canal will have a far greater impact on world trade than opening up routes in the Arctic,” Serreze said.

However, others disagree. One estimate suggests that between 5 percent and 15 percent of China’s international trade could use the Arctic route by the end of the decade, and where China leads, the world is very likely to follow.

This story has been viewed 2430 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top