South Korea has announced $8 million subsidies per icebreaker as part of its Arctic shipping strategy, backed by a $5.2 billion maritime budget for 2026.
Two salvage vessels have arrived in Canada’s Arctic to begin the refloating of the grounded Dutch cargo ship Thamesborg, stuck in the Franklin Strait since September 16.
China’s Sea Legend Shipping will launch the first direct container service between China and Europe via the Arctic Northern Sea Route, cutting transit time nearly in half.
Cargo ship Thamesborg grounded in the Northwest Passage near Canada’s Franklin Strait, leaving the Royal Wagenborg vessel stranded since September 6 as salvage teams and the Canadian Coast Guard work to refloat it.
