Shipping Prospects Heat Up in the Arctic
MARCH 23, 2018
While relatively little cargo currently passes through the Arctic, traffic through the region is likely to increase over the next decade as shippers take advantage of freshly-thawed routes. For the time being, ice-breaking cargo ships (capable of operating in ice up to four feet thick) will continue to have the strongest presence in the region. In 2013, the first commercial bulk carrier transited the Northwest Passage, carrying cargo from from Canada to Finland.