Melting polar ice opens new Arctic shipping routes

By Freddie Pierce
Whether you believe in global warming or not, ice levels in the Arctic Sea reached the second-lowest point in recorded history, according to data relea...

Whether you believe in global warming or not, ice levels in the Arctic Sea reached the second-lowest point in recorded history, according to data released by NASA and the National Snow and Ice Data Center at the University of Colorado.

While that’s potentially bad news for our environment, it’s great news for shippers in the Northern Hemisphere. This year’s record low opened up shipping passages through the Northwest Passage and Northern Sea for brief periods last month.

Danish shipping company Nordic Bulk Carriers took full advantage of the new routes, and claimed to save one third of its usual shipping costs by taking shorter shipping routes to China through the Arctic.

TIME LAPSE OF MELTING ARCTIC ICE

Less ice also meant for quicker trade for Nordic Bulk Carriers, who made the journey to China in nearly half the time.

“We saved 1,000 tons of bunker fuel – nearly 3,000 tons of CO2 – on one journey between Murmansk [Russia] and north China,” Nordic Bulk Carriers Director Christian Bonfils told the Guardian.

“The window for sailing the route is four months now, but the Russians say it is seven. When we can save 22 days on transportation, it is very good business for us.”

SEE OTHER TOP STORIES IN THE SUPPLY CHAIN DIGITAL CONTENT NETWORK

What Panama Canal’s expansion means for Eastern ports

Philippine Airlines faces outsourcing opposition

October’s issue of Supply Chain Digital has gone live!

Good business for shippers is probably bad news for the environment. Ice levels in the Arctic barely avoided their lowest recorded point ever, which was set in 2007. Scientists point out that 2007 witnessed unusual weather that contributed to ice melt; those same conditions were not present this year.

“Atmospheric and oceanic conditions were not as conducive to ice loss this year, but the melt still neared 2007 levels,” Matt Meier of the National Snow and Ice Data Center said.

Since 1979, September’s arctic sea ice extent has declined by 12 percent each decade, reports Science Daily.

Click here to download Supply Chain Digital’s iPad app!

Share
Share

Featured Articles

Everything you need to know ahead of P&SC LIVE 2023

As we count down the days to Procurement & Supply Chain LIVE 2023, Procurement Magazine breaks down everything you need to know ahead of the event

P&SC LIVE: Women in procurement and supply chain

DE&I are important topics of conversation for Procurement & Supply Chain LIVE, discover which female leaders will be speaking at the event next week

Sign up for next week's Procurement & Supply Chain LIVE 2023

With less than a week to go, find out what to expect when attending this year’s Procurement & Supply Chain LIVE at the Business Design Centre, London

New Exiger solution 'will stop CSCOs drowning in data'

Digital Supply Chain

'Cloud manufacturing' securing supply chains - Infosys

Supply Chain Risk Management

Strategic sourcing insight at London supply chain event

Procurement