23 Sep '11, 3pm

Arctic shipping route will soon rival Suez Canal, Putin says #arctic

23 Sep 2011: Arctic Shipping Route Will Soon Rival Suez Canal, Putin Says Russian Prime Minister Vladimir Putin says that his country’s Northern Sea Route across the increasingly ice-free Arctic Ocean will soon rival the Suez Canal as a global trade route. “The shortest route between Europe’s largest markets and the Asia-Pacific region lies across the Arctic,” Putin told the Arctic Forum, a conference meeting in the White Sea port of Arkhangelsk. “I want to stress the importance of the Northern Sea Route as an international transport artery that will rival traditional trade lanes.” Putin noted that with the northern trade route now largely ice-free in summer, the number of test runs along the route is increasing. Last month, a tanker traveling from the U.S. to Thailand navigated the Northern Sea Route in a record eight days, and a vessel carrying 120,000 tons of natural ga...

Full article: http://e360.yale.edu/digest/arctic_shipping_route_will_so...

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