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Sunday, 9 September 2018

Global warming opens up rival shipping route to Suez Canal

**#10 Global warming could hit us in our wallets as rival shipping routes threaten the Suez Canal. The Venta Maersk sailed through the Bering Strait this past week ahead of navigating a route through the Arctic, which could cut shipping times significantly compared to Suez Canal route, write William Booth and Amie Ferris-Rotman for the Washington Post. Thanks to global warming, the Arctic route is now navigable between July and October, as opposed to the Suez Canal, which is open all year long. The route, however, is 7,200 nautical miles, compared with the 10,500 miles ships from Asia take to get to Europe through Suez. Shipping times are cut down to 23 days, compared to 34 days in the Suez route.

China, Russia say full steam ahead: The new toute has garnered widespread interest and promotion from Russian and Chinese shipping companies. Rosatom, which runs the largest nuclear-powered ice-breaking fleet in the world, boasts that the route has “no queues and no pirates,” an allusion to the threat posed by African buccaneers in the Gulf of Aden in recent years.

The good news for us? Disputes over territory in the Arctic and its shipping routes could keep Arctic zone countries preoccupied for some time.

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