Chinese container company Sea Legend Shipping will launch the first Arctic shipping route named “Ice Silk Road” this week, sailing along Russia’s Northern Sea Route from China’s Ningbo to the UK’s Felixstowe, the Financial Times reported.
This came as the shipping situation in the Persian Gulf and the Red Sea deteriorated, and the ongoing decline in Arctic sea ice has made the Arctic route a new shipping option amid geopolitical risks.
Traditional Europe-Asia routes require a…
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Source www.thestandard.com.hk
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