Nordic Bulk has plenty of appetite for the Arctic

Freight volumes through the Northern Sea Route during the ice-free period took a dive in 2015, but for Arctic pioneer Nordic Bulk Carriers, the route continues to be an important part of its business, CEO tells ShippingWatch.

Photo: Nordic Bulk Carriers

Although the low oil price across the board has dampened carriers' interest in the Northern Sea Route, US-owned Nordic Bulk Carriers, a pioneer in the Arctic which is headquartered in Copenhagen, sees massive potential in the Northern route.

Freight volumes through the Northern Sea Route during the ice free period have plummeted, according to the latest figures, in spite of the fact that shipowners can shave thousands of kilometers by using this route between Asia and European ports. 

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