The IMO has agreed to take steps toward a ban on the use of heavy fuel oil in Arctic shipping, following an appeal from the Canadian government, indigenous participants and testimony from WWF-Canada.
An ice breaker and two bulk carriers are being forced to wait out the winter off Russia’s Arctic coast after the ice became to thick for safe navigation.
Arctic shipping and the North Sea Route (NSR) could receive a boost from the coming into force of the Polar Code and thawing of relations between the US and Russia according to brokers Banchero Costa.