The Economy Analysis of Sailing in the Arctic Northeast Passage

Abstract

As the global temperature warming, the ice zone of Arctic is shrinking gradually. In summer, the waterway that can be used to sail has appeared in arctic waters. Based on the analysis of ice condition of the Northeast Passage, the cost accounting of ice enhanced vessel and the cost accounting of voyage cost, this paper comprehensively analyzes the required freight rate (RFR) of sailing. By comparing the Suez Canal routes with the Northeast Passage routes, an analysis for the sailing economy of the arctic Northeast Passage can be given.