Business · Trade · 20 hrs ago

South Korean ship completes first commercial Arctic round trip to Europe

South Korean ship completes first commercial Arctic round trip to Europe

South Korea’s container ship PanStar Acro completed the country’s first commercial round trip to Europe through the Arctic on Oct.

11.

It returned to the port of Busan after setting sail on Aug.

22, a journey that took 50 days.

The ship called at Felixstowe in Britain, Rotterdam in the Netherlands and Gdansk in Poland.

South Korean officials hope the Arctic route could shorten typical voyages to Europe by about a third and help make Busan a global shipping hub.

President Lee Jae Myung has made Arctic shipping a priority, and officials hope to start regular services by 2030.

The route follows Russia’s Arctic coast, creating potential tension with Western allies seeking to isolate Russia over its war in Ukraine.

The trial also showed commercial hurdles: the ship carried 737 containers of cargo, below the roughly 1,300 it had sought, and the route may involve delays, higher insurance costs and extra fuel use.

Sources

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