Economic Opportunities from Melting Arctic Ice

What are the three new shipping routes that could emerge due to melting Arctic ice?

• Northern Sea Route, Northwest Passage, Transpolar Sea Route

• Panama Canal, Suez Canal, Transpolar Sea Route

• Northwest Passage, Panama Canal, Northern Sea Route

• Suez Canal, Northern Sea Route, Transpolar Sea Route

Why is the Northwest Passage politically contentious?

• It is the fastest route between Asia and Europe.

• It is a popular tourist destination.

• It is considered international waters by America and Europe, but Canada claims it as territorial waters.

• It is claimed by both Canada and Russia.

What is a significant challenge for the Transpolar Sea Route?

• It is subject to high toll fees.

• It is too narrow for large vessels.

• It is frequently blocked by icebergs.

• It is heavily trafficked by fishing boats.

How much time could the Northern Sea Route save on a trip from Hamburg to Yokohama compared to the Suez Canal?

• 18 days

• 10 days

• 14 days

• 32 days

What is a potential obstacle for ships navigating the Northern Sea Route?

• High toll fees

• Lack of navigational technology

• Volatile weather and sudden ice formation

• Political disputes over territorial waters