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.

Initially, the project is a pilot project, and the minister has held meetings with Korean shipowners and shippers to discuss the use of Arctic routes and to offer economic incentives to those who in the future will employ the Arctic routes.  

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