ShippingWatch

NGOs fear sailing at the Arctic

A unique opportunity for shipping? Or a unique destruction of nature? The ice is melting at the Arcting, which makes shipowners and the oil industry giddy with excitement while the environmental organizations are sounding all their alarms.

Environmental distater or golden business opportunity. The story of the Arctic adventure hinges on who's narrating it. The NGOs fear the worst for one of the world's most vulnerable regions, while the industry eyes an opportunity for revenue and acces to raw materials that are in heavy demand from, especially, the developing countries.

The NGOs nightmare scenarios has led them to demand that all attempts at extracting raw materials be stopped, and that sailing be limited till after an Arctic code has been passed by the IMO to ensure proper conditions for Arctic sailing. On the other side, the companies forging ahead with a series of new joint ventures  between major players from, among others, Russia and China.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sovcomflot divests from sanctioned tanker fleet

Russian tanker operator Sovcomflot, which has been subject to sanctions following Russia’s invasion of Ukraine, makes a significant divestment from its tanker fleet. One of the buyers is Eastern Pacific Shipping.

Further reading

Related articles

Latest news

See all jobs