China Gets at Least a Toe-hold in Arctic

The Arctic Institute
Tuesday, April 16, 2013

The Arctic Institute sees agreement the China-Iceland trade agreement as a clear sign of China's drive to gain a foothold in the Arctic region.

In response the signing of a free trade agreement between China and Iceland today, The Arctic Institute’s Executive Director Malte Humpert said:

" ... Iceland's strategically valuable location at the entrance to the Arctic Ocean and its year-round ice free waters make it a natural ally in China's goal to gain access to the Arctic's shipping routes. The signing of the agreement today is a further indication of the importance China places in the development of Arctic shipping routes”.

“Iceland's role as a potential Arctic shipping hub may be further strengthened by future mining and mineral activity in neighboring Greenland. Following Greenland's recent election, Chinese investments in the island's mining industry appear more likely, and the required infrastructure and the export of mining products would make use of Icelandic ports.”

Source: The Arctic Institute
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

USA Urged Not to Delay Arctic Drilling

The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP.

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Viking Bags Charter Deal for AHTS Brage Viking

Viking Supply Ships has entered into a contract with an Oil major for the charter of “Brage Viking” commencing 1stof April 2015. The duration is for 2 years and 8 months firm,

Arctic Operations

USA Urged Not to Delay Arctic Drilling

The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP.

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Statoil: Polarled Pipe-Laying Kicks Off

On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas

 
 
Maritime Contracts Maritime Security Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1065 sec (9 req/sec)