Arctic shipping route News

Stranded Cruise Ship Shows Risks of More Traffic in Hard-to-Reach Arctic Waters

The grounding of a luxury cruise ship off the coast of Greenland on Monday highlighted the irony of touring the fast-warming Arctic on a vessel powered by fossil fuels, the main culprit in climate change. But the incident also underscores …

Russia’s Arctic Shipping Dream Stumbles on Small Aging Fleet

Russia will struggle to meet its strategic goal of more than quadrupling Arctic sea shipments by the end of the decade as the nation cannot increase and upgrade its small, aging ice fleet fast enough, according to the Northern Sea …

Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re

Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping and trade routes. The economic …

Insurers Face Liability Uncertainties as Ships Begin to Sail Through Arctic Waters

When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don’t lose concentration and …

Russia Aims to Boost Arctic Shipping by Subsidizing Higher Costs, Including Insurance

Russia wants to make its Arctic waters more attractive to shippers than the Suez Canal and could be willing to compensate for potential risks to make that happen. President Vladimir Putin has made development of the Arctic one of Russia’s …

As Arctic Ice Melts, New Energy Shipping Trade Route Opens

A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area. This year is likely to …

Arctic Winter Ice Covers 2nd Smallest Area on Record, Opening Region to Shipping

Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists …

Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open

The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures are rising twice as fast as elsewhere …

Arctic Ship Route May be Safer with Anglo-Russian Radio Waves

The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative, under development to shore up vulnerable satellite-based alternatives. The British system, being trialed in the hectic shipping lanes past Dover …

Icebergs, Insurance Hamper Top of the World Shipping Route

The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas have made the trip but high insurance costs, slow going and strict environmental rules mean …