Straddling the Arctic ... an expanded claim on undiscovered Arctic oil and natural resources, and enable it to exert more dominance over Arctic shipping lanes used by Russia and China ... Arctic Research.
Focus on the strategic importance of the Arctic for mining, shipping and international security has increased sharply because of repeated statements by U.S.
Washington officials continue to emphasize the strategic and economic importance of the Arctic, citing missile defense and possible future shipping routes as factors in their interest ... Arctic Circle.
Averages fifty to sixty ships transiting the canal daily, carrying an estimated $3 billion to $9 billion in cargo value ...Environmental impact of shipping detours ... However, Arctic routes are not yet commercially viable for mainstream shipping.
Yet, it predicts continued collaboration, especially in the Arctic, where China leverages Russia to build icebreaker ships and secure economic footholds.
... of Ukraine, where Putin has proposed joint exploration projects with US companies, a deal to work together on aluminium production in Siberia and perhaps even cooperation on Arctic shipping routes.
Russia and China are already cooperating on Arctic shipping routes, and with Russia’s extensive presence in the region — it has the largest area of Arctic coastline — that partnership threatens to remain the dominant economic force in the area.
“And so as the Arctic Ocean has less ...China and Russia launched a joint shipping corridor along the Arctic Sea in 2023—that year alone, 80 voyages reached Chinese ports through the route.
As I wrote before, with the accession of Sweden and Finland, NATO’s territorial reach has been extended all the way to the eastern flank of the Russian Arctic (the Bering strait), thus making Russia the only non-NATO member state in the Arctic.
The volume was down sharply from a revised 24.88 million barrels on 33 ships the previous week ... Three more are on their way, according to signals from the ships soon after leaving the Arctic port of Murmansk and shipping information seen by Bloomberg.
During last year’s breakout Arctic shipping season the company completed thirteen voyages between Shanghai and Arkhangelsk carrying more than 20,000TEU... A second Arctic container shipping operator, EZ ...
Given the growing strategic rivalry between the US, Russia, and China over Arctic resources and shipping routes, many European leaders are wary of directly confronting American interests in the region.