Thanks to global warming new business opportunities may be available to shipping companies. Researchers from UCLA projected that by mid-century shipping routes through various Arctic corridors will be significantly more available.
The team looked at seven respectable forecasts and based their measurements on two factors: one of a 25% increase in emissions, and the other with a further 10%. The results were focused on September, the month typically known for having the least ice coverage.
Routes such as the Northwest Passage will become more accessible, cutting journey times, but will also prompt possible litigation repercussions. The projection years of between 2040 and 2059 means that it falls within government planning periods, such as port construction, jurisdiction decisions, and acquisition of resources.Read more at University of California, Los Angeles