EVALUATING THE IMPACT OF ARCTIC ROUTES ON MARITIME TRANSPORTATION COSTS AND RISKS


Aydın M.

6. INTERNATIONAL BLACK SEA MODERN SCIENTIFIC RESEARCH CONGRESS, 23 - 25 Ağustos 2024, ss.139, (Özet Bildiri)

  • Yayın Türü: Bildiri / Özet Bildiri
  • Sayfa Sayıları: ss.139
  • Recep Tayyip Erdoğan Üniversitesi Adresli: Evet

Özet

Maritime transportation relies on durable vessels navigating a network of sea routes. Recent global warming and the Industrial Revolution have led to the development of new maritime routes, supplementing traditional sea lanes. This evolution has significantly impacted shipping and transportation costs, as a considerable portion of global trade depends on maritime routes. The Arctic region has experienced notable changes due to global warming, including glacial melting, rising sea levels, and reduced sea ice thickness. These environmental changes not only affect the Arctic’s ecosystems and local communities but also have significant implications for global maritime transportation. This study focuses on the economic opportunities associated with Arctic routes. By comparing traditional shipping routes with the Arctic Northern Sea Route (NSR), the study evaluates the cost and efficiency of using the NSR versus the Suez Canal route. The analysis reveals that the NSR reduces the distance between Rotterdam and Busan and shortens the voyage by 16.85 days, which is a 31.7% reduction in transit time. Despite potential risks associated with Arctic navigation, the NSR’s advantages in reducing both distance and travel time suggest it could become a more viable option for maritime shipping. This assessment highlights the growing importance of Arctic routes in global maritime trade and their potential to transform shipping dynamics.