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Ice - Advice for trading in the polar regions


Year: 2014
Language: english
Author: Swedish P&I Club
Genre: Guide
Format: PDF
Quality: eBook
Pages count: 16
Description: The wealth of natural resources in the arctic region is enormous. It is believed that
up to a quarter of the world’s undiscovered, recoverable hydrocarbon reserves are
in the arctic seabed. There are also huge additional iron, gold, zinc and diamond
deposits which will become more accessible if the arctic ice continues to diminish.
Shipping activity in the polar regions is a complicated endeavour. It seems that
longer ice-free summers in the arctic are making operations in the polar regions
more accessible in combination with the development of new technology.
What seemed impossible before because of the rough weather and thick ice is now
becoming possible. This activity will probably increase even further in the future because
the search for natural resources such as oil, gas and metals is unlikely to stop.
Much of the increased activity in the polar regions will be from offshore operations traffic
involved in exploration and extraction of oil and gas. This will increase transports from and
to the arctic ports in the region.
The polar regions consist of the Arctic and Antarctic.

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