High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Shortly after its official delivery last month, Teekay’s new icebreaking LNG carrier Eduard Toll made its way to complete both its first loading at the Sabetta Terminal in the Russian Arctic and its first discharge in Montoir, France after sailing across the Northern Sea Route unescorted.
The voyage marked the latest major milestone for shipping in the Arctic as it was the first time a vessel made an independent passage, without the support of an icebreaker, during this time of year.
The team onboard captured a timelapse of the voyage showing the start of the Northern Sea Route transit. And it’s quite impressive, take a look:
Eduard Toll is the fourth of 15 total Arc7 LNG carriers being built for Russia’s $27 billion Yamal LNG project and the first of six belonging to Teekay that have been contracted to service the project.
Built in Korea, the Eduard Toll transited the Northern Sea Route earlier this year to Sabetta, where the first loading took place in late January prior to completing the voyage to France.
You can view more photos from the Eduard Toll’s historic Northern Sea Route passage HERE.
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