Rapidly retreating Arctic sea ice will see northern commercial opportunities and geopolitical competition rise

Predictions

  • Rapidly retreating Arctic sea ice will see northern commercial opportunities and geopolitical competition rise significantly over coming years
  • Gradual opening of Arctic sea lanes will see increasing re-orientation of shipping and supply chains to cut travel time and costs
  • Environmental risks will rise in line with increased commercial opportunities, with Arctic melting set to accelerate rise in global sea levels

Event

The LNG carrier Christophe de Margerie, operated by Russia’s Sovcomflot shipping company, sailed into port at Sabetta on northern Russia’s Yamal Peninsula on 19 February. Its journey began on 27 January when it left port in Jiangsu, China before travelling north through the Bering Strait.

Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.

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