The world’s newest shipping route: the Arctic ...Middle East

Economy by : (Quartz) -
In March, when the Ever Given had stopped up the Suez, Russian officials invited shipping companies to consider the Arctic. Send your cargo from Asia to Europe through the Northern Sea Route, they urged. It knocks 4,000 nautical miles off the Suez journey, and the route grows freer and freer of ice every year.Ever since the 17th century, when mariners began seeking the mythologized Northwest Passage above Canada, the great sail over the top of the world has been an object of desire because of its potential to abbreviate transit times. In an era of vanishing Arctic ice, these routes are turning into reality. Two years ago, Mike Pompeo, the then-US secretary of State, welcomed the “21st centur

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