Chinese Cargo Ship Made First Journey Using Arctic Route
The State media recently reported that a Chinese merchant ship made its first journey to Europe using the Northeast Passage which is a shortened route that is meant to revolutionize trade. The Arctic route is now navigable as global warming has melted sea ice and promises to slash sea travel by around 12 to 15 days thus saving shipping companies and exporters time and millions on fuel bills and at the same time reduce operating costs.
The cargo ship belong to a Chinese shipping firm Cosco left Dalian port Thursday and will take 33 days to reach Europe via the Bering Strait and the northern coastline of Russia. The ship is heading for Rotterdam, Netherlands and is said to arrive on September 11. The new route is usable for about four months every year which starts on the end of July, avoiding politically unstable pinch point of the Suez Canal and cuts around 7,000 kilometers of the journey.
90 percent of the foreign trade in China is carried by sea and in 2012, more than 46 ships have used the northern passage and experts say that 15 percent of the Chinese foreign trade can use the route by 2020.