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RE: Russia Tightening The Screws Over Northern Sea Route

in LeoFinance2 years ago

Looks like interesting time ahead in the global shipping game. I reckon Russia will benefit immensely from the Northern Sea route if they can prove their space as a faster and cheaper alternative.

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It is most definitely cheaper and quicker but and that is a big but. This is seasonal and are shipping companies holding back as they don't want to have to build a fleet of new ships with thicker steel. The ice breakers are coming and are not yet ready for assisting convoys so maybe that will change when they are available. Will the ice be around in 5 years like it is today. One ice breaker went to the north pole last month and reached it with no problems due to the ice being so thin. The spec of that vessel was to steer through 3m thick ice so how thin is the arctic now? Global warning is making this all possible so there are going to be problems for low lying countries over the next 10-20 years. The Maldives is one place that is guaranteed to disappear.

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