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Business Daily: Shipping Through the Arctic

24/07/2014

Shipping Through the Arctic

BBC World Service - Business Daily, Shipping Through the Arctic

The opportunities and dangers of shipping through the Arctic

Opening up the Arctic Oceans to commercial shipping - how an ice-free north coast of Russia could transform global sea-trade.

We take a look at the global shipping industry and the fluctuating freight charges and other hidden financial icebergs. And, we visit London Gateway, Britain's newest deep-water port to the east of London to see why container ships are getting bigger. 

The emergence of a new Arctic trade route across Russia's north coast could be bad news for global sea-levels, but very handy for Russian companies hoping to get their produce to international markets. Evgeny Ambrosov, senior executive vice president of Sovcomflot, Russia's largest shipping firm, tells us about his recent voyage - the first along the route. We ask how feasible is this northern sea route with the CEO of The Baltic Exchange - a membership organisation for global shipping companies.

Plus, why Taiwanese investors are turning away from Vietnam after Taiwanese businesses were caught up in recent anti-Chinese riots there.

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