Tag: ARCTIC
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Arctic Shipping Routes: A New Frontier or a Risky Gamble?
The Arctic shipping routes, including the Northern Sea Route (NSR), Northwest Passage (NWP), and the anticipated Transpolar Sea Route (TSR), are becoming increasingly viable as global warming reduces ice coverage. These routes promise shorter transit times and lower fuel consumption compared to traditional shipping lanes like the Suez Canal. However, their security, economic feasibility, and…