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.

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