Full Speed Ahead: Shipping Plans Grow As Arctic Ice Fades
A year ago, it appeared that the once-promising and environmentally risky prospects for exploitation of new shipping routes through the Arctic Ocean were waning because of low oil prices, high insurance costs, and dangerous ice conditions that persist even though climate change is rapidly melting away sea ice. Only 17 vessels sailed through Canada’s Northwest Passage in 2014, due in[Read More…]