Trade Routes
With global warming and the breaking up of ice in the arctic, countries who border these areas are considering opening trade routes that would be more cost effective and less time consuming.
New sea routes
"But reductions in sea ice coverage are creating new opportunities for Arctic sea routes. The eight Arctic nations are discussing Arctic shipping and future shipping policies — both the United States and the State of Alaska need to decide on policies for the use of ports for Arctic trading routes, Treadwell said.
A sea route between Europe and Asia around the northern Russian coast would be about 40 percent shorter than the traditional route through the Suez Canal. And there’s now a possibility of shipping goods to and from Canada through Hudson’s Bay, Treadwell said."
New sea routes
"But reductions in sea ice coverage are creating new opportunities for Arctic sea routes. The eight Arctic nations are discussing Arctic shipping and future shipping policies — both the United States and the State of Alaska need to decide on policies for the use of ports for Arctic trading routes, Treadwell said.
A sea route between Europe and Asia around the northern Russian coast would be about 40 percent shorter than the traditional route through the Suez Canal. And there’s now a possibility of shipping goods to and from Canada through Hudson’s Bay, Treadwell said."
2 Comments:
j
People are already speculating with real estate up there - trying to buy up hot potential port property.
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