Shipping Prospects Heat Up in the Arctic
MARCH 23, 2018
In an ironic twist, melting ice caps and rising sea levels may translate to new business opportunities and reduced greenhouse gas emissions for the shipping industry. As global warming has conjured up hotter summers and milder winters, one area in which its impact has been particularly visible is the Arctic, where shrinking ice caps may give way to new shipping lanes in the future. Russia has also demonstrated its resolve to capitalize on newly-liberated shipping lanes.