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Shipping Prospects Heat Up in the Arctic

Elementum

Many studies now predict that the thick sheets of ice which prevented ships from passing through in the past will thaw by the year 2030. With approximately 70 percent of the world's trade currently transported via sea lanes, the potential benefits are significant. China is another major source of trade with skin in the game.

article thumbnail

Shipping Prospects Heat Up in the Arctic

Elementum

Many studies now predict that the thick sheets of ice which prevented ships from passing through in the past will thaw by the year 2030. With approximately 70 percent of the world's trade currently transported via sea lanes, the potential benefits are significant. China is another major source of trade with skin in the game.