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Shipping Prospects Heat Up in the Arctic

Elementum

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. In 2013, the first commercial bulk carrier transited the Northwest Passage, carrying cargo from from Canada to Finland.

article thumbnail

Shipping Prospects Heat Up in the Arctic

Elementum

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. In 2013, the first commercial bulk carrier transited the Northwest Passage, carrying cargo from from Canada to Finland.