The year-round opening of the Northern Sea Route in the Arctic is only a matter of time, and Singapore has to race to be cheaper, faster and better than it already is - to safeguard its status as a shipping hub.
This was Minister of State for Foreign Affairs Sam Tan s sentiment regarding the commercial viability of the new passageway, which will provide an alternative route for ships sailing from Europe to ports in South Korea, Japan and China.
Posted On:1-Feb-2020 Read More ... Credits: www.bunkerportsnews.com |