RIA Novosti

Baltica breaks the ice as new route to the East opens in the Arctic

12:58 31/08/2010

For 500 years, commodity traders have been trying to conquer the treacherous waters of the Russian Arctic passage – aware of its potential as a lucrative short-cut shipping route. This week, the first commercial supertanker has succeeded in traversing the strait. Carrying 70,000 tonnes of gas from Murmansk in Russia destined for Ningbo in China, the feat has moved the difficult Northern Sea Route a step closer to rivalling the dominant Suez Canal in the south.

By Garry White and Rowena Mason

For 500 years, commodity traders have been trying to conquer the treacherous waters of the Russian Arctic passage – aware of its potential as a lucrative short-cut shipping route.

This week, the first commercial supertanker has succeeded in traversing the strait. Carrying 70,000 tonnes of gas from Murmansk in Russia destined for Ningbo in China, the feat has moved the difficult Northern Sea Route a step closer to rivalling the dominant Suez Canal in the south.

Read more on http://www.telegraph.co.uk/

© 2010 RIA Novosti