Thomas G. Ernst & Co.


25.03.2015

Will the North West Passage be a booming market?

Will the melting Actic attract more commercial ships to use the North West Passage ?
According to Jackie Dawson, a geography professor at the University of Ottawa, this will not happen.

For the reason of high insurance costs and unrealiable scheduling of ships a booming North West Passage for commercial ships will not be very likely, so an articel in IHS Martime 230 says.

According to that article only 2 commercial ships, the MV Nordic Oreint and MV Nunavik passed in 2012 and 2014 respectively.
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