New World Shipping Routes Formed Due To Melting Arctic Ice

There are many reports claiming that record low ice volumes in the Arctic caused by global warming have resulted in new shipping routes.
Experts in the shipping industry maintain that supertankers and giant cargo ships could be travelling next year regularly between the Atlantic and Pacific Oceans via the Arctic.
Provisional new world trading routes that were once inaccessible are now opened which will reduce the travelling time by as much as half. This is potentially bad news for the environment but great news for shippers in the Northern Hemisphere.
This year shipping passages through the Northwest Passage and Northern Sea opened up and such shorter voyages mean rising profits for shipping companies due to lower fuel consumptions and shipping costs.
Vladimir Putin, the Russian Prime Minister, said last week of the new quicker trade link: “The Northern sea route will rival traditional trade lanes in service fees, security and quality.”
Environmentalists have claimed that although the ships will use less fuel and emit less CO2 in the faster routes, they now fear oil spills and other maritime accidents as well as sooty residue deposited on ice.
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