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Shipping Prospects Heat Up in the Arctic

Elementum

With approximately 70 percent of the world's trade currently transported via sea lanes, the potential benefits are significant. The result: $80,000 saved in fuel costs and 25 percent more cargo transported than if it had travelled via traditional routes. China is another major source of trade with skin in the game.

article thumbnail

Shipping Prospects Heat Up in the Arctic

Elementum

With approximately 70 percent of the world's trade currently transported via sea lanes, the potential benefits are significant. The result: $80,000 saved in fuel costs and 25 percent more cargo transported than if it had travelled via traditional routes. China is another major source of trade with skin in the game.