Chinese Company Plans Arctic Route to US, Europe

Chinese Company Plans Arctic Route to US, Europe

A shipping company in China is planning the nation’s first commercial voyage through a shortcut across the Arctic Ocean to the U.S. and Europe in 2013, according to Huigen Yang, director general of the Polar Research Institute of China, Reuters reports.

“One commercial voyage by a Chinese shipping company may take place this summer,” Yang told a Reuters reporter.

For China, the route would save time and money. The distance from Shanghai to Hamburg, Germany, is 2,800 nautical miles shorter via the Arctic than via the Suez Canal, Yang added.