While shipping in the Arctic Ocean is currently a niche business the receding ice cap opens the opportunity for much shorter shipping routes to Asia via the Arctic region. However, a growing number of both shipping lines and major shippers are publicly stating they will not ship via the Arctic Ocean even given potential transit time and cost benefits.
Ocean Conservancy, which describes itself as a science-based organisation, launched the Arctic Corporate Shipping Pledge with sports gear manufacturer Nike last October. Earlier this week Ocean Conservancy announced that eight more companies including Ralph Lauren Corporation, Kuehne + Nagel, PUMA, International Direct Packaging, Allbirds, Aritzia, Hudson Shipping Lines and Bureo, had signed the pledge.
“While recognizing that local and regional shipping is vital to northern communities and indigenous communities, the Arctic Shipping Corporate Pledge invites companies to not intentionally route ships or send goods through the region as part of a potential new global trans-shipment route,” Ocean Conservancy said.
“These new signatories reflect a significant intention by consumer and logistics industries, including brands like Ralph Lauren Corporation, which operates more than 500 stores worldwide, and PUMA, which distributes products to more than 120 countries. Logistics giant Kuehne + Nagel alone shipped more than 4.7 million containers in 2018.”
The new signatories join Nike and other shippers Asos, Bestseller, Columbia, Gap Inc., H&M Group, Kering, Li & Fung, PVH Corp., and some of the world’s largest container lines - CMA CGM, Evergreen, Hapag-Lloyd and Mediterranean Shipping Company.
Copyright 2020 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Maritime, Informa Markets.