Northern Sea Route
A usable Northern Sea Route between northern Europe to North Pacific ports would cut time at sea (and resultant fuel consumption) by more than half. For the corporate players in bulk shipping of relative low-value raw materials, cost savings for fuel may appear as a driver to explore the Northern Sea Route for commercial transits, and not necessarily reduced lead time. The Northern Sea Route allows economies of scale compared to coastal route alternatives, with vessel draught and beam limitation. Environmental demands faced by the maritime shipping industry may emerge as a driver for developing the Northern Sea Route. Increased awareness of environmental benefits and costs for both the Northern Sea Route and Suez routes will probably be important factors in this respect.