Breaking the Ice: The Northern Sea Route

..., which is up by ~297% from 2008 or in monetary terms $4 million for a full fill up for an equivalent of an OOCL Atlanta. As bunker fuel can add up to more than 70% of shippers’ voyage expenses (see: Standards & Poor’s, 2013), then cutting ... ... of serious profitable development. If the government successfully tackles this region and stimulates the progress of the NSR, energy and other industries (e.g. fishing), it may reverse the migration flows with the incentive of jobs that will in turn uphold ...