South Korea planning Arctic routes

South Korea is now actively entering the Arctic in which a pilot project is launched in August. The government encourages several shipping companies to engage in Arctic navigation and holding forth economic incentives, Sustainable Shipping reports.

Photo: Marinvest

In August, a South Korean shipper will launch an entirely new service with navigation in the Arctic, which according to the country’s Maritime Minister Yoon Jin-sook will import European energy- and dry bulk faster and more efficiently, Jin-sook told the Korean news media Yonhap on Monday.

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