Report: Climate change ‘creating shocks to global trade’

The Intergovernmental Panel on Climate Change released an alarming climate report.

As companies and countries strive to reduce greenhouse gas emissions, the Intergovernmental Panel on Climate Change (IPCC) released an alarming report on climate impacts, adaptation and vulnerability on Monday.

The report explored business as usual and other potential pathways forward with varying levels of climate action and concluded that climate change will continue to impact the freight and supply chain industry drastically. 

“Weather-related extremes are creating shocks to global trade,”...

https://www.freightwaves.com/news/report-climate-change-creating-shocks-to-global-trade

Military Planners Should Map Out Operations in Warming Arctic Waters, Expert Says

The Coast Guard Cutter Healy, a 420-foot polar icebreaker, transits to the Gulf of Alaska, July 20, 2021. Healy and its crew are currently on a 133-day deployment into the Arctic as part of a circumnavigation of North America to conduct Coast Guard missions and to support scientific research. U.S. Coast Guard Photo

The United States reminds Canada and Russia often that Washington regards the Northern Sea Route and the Northwest Passage as straits used for international navigation, not...

https://news.usni.org/2021/11/04/military-planners-should-map-out-operations-in-warming-arctic-waters-expert-says

Will Hapag-Lloyd sail container ships through the Arctic?

Hapag-Lloyd’s article:

More than 170 years ago, the Franklin Expedition got stuck in the pack ice of the Arctic – which had devastating consequences for all 129 of its members. Today, cruise ships regularly venture into the Arctic Ocean. After the French shipping company CMA CGM’s recent announcement that it would not sail the Northwest Passage for environmental reasons, the issue is once again being hotly debated in the container shipping industry. What is Hapag-Lloyd’s stance regarding a...

https://container-news.com/hapag-lloyd-sail-container-ships-arctic/

Artic: New routes open but challenges ahead 

We recently heard that the first commercial ship traveled the Northern Sea Route in winter without the assistance of an ice breaker. Indeed, “thanks” to the climate change, new trade routes open in some areas, however, at the same time the risk of ice in others is getting larger and larger.

Specifically, and according to the NASA Earth Observatory, the mean center of shipping activity moved 300km north and east over a seven-year span. As a result, a growing number of vessels are sailing in...

https://safety4sea.com/cm-artic-new-routes-open-but-challenges-ahead/

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