Costs Melt As LNG Traffic Picks Up In The Arctic Circle

By Jeremy Hodges (Bloomberg) A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area. This year is likely to rank among the top 10 for the amount of sea ice melting in the Arctic Ocean after heat waves across the northern hemisphere this summer. … [Read more...]

How To Avoid A Naval Cold War In The High North

By James Stavridis (Bloomberg) In the classic Cold War novel (and fine 1965 film) "The Bedford Incident," a U.S. destroyer on a NATO mission tangles with a Soviet submarine in the frigid waters near the Arctic Circle. Mayhem ensues in a tautly described set of interactions that lead the world to the brink of nuclear war. Today, as we watch U.S. and Russia continue to … [Read more...]

Arctic Ocean Ice Near Record Low for Winter, Boost for Shipping

By Alister Doyle and Timothy Gardner OSLO/WASHINGTON, March 23 (Reuters) - Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday. The extent of floating ice likely reached an annual maximum … [Read more...]

China Building Arctic Cruise Ship for “Polar Silk Road”

SHANGHAI, March 17 (Reuters) - China has begun building its first polar expedition cruise ship, state news agency Xinhua reported Saturday, as the country looks to shipping lanes opened up by global warming to extend President Xi Jinping's Belt and Road initiative to the Arctic. Construction of the 104.4-meter vessel, equipped with an advanced electric propulsion and control … [Read more...]