Arctic Melt Could Create “New Panama Canal”
12 September 2007
The Province. The accelerating melting of the Arctic sea ice could make the Northwest Passage the “new Panama Canal” as early as next year, according to Joseph Spears of Horseshoe Bay Marine Group.
“It creates an awesome opportunity for Vancouver,” Spears later told The Province. “With melting ice, you’re going to get a change in perception and, all of a sudden, vessels that were restricted by the Panama Canal will be able to transit the Northwest Passage.”
That means larger ships could take a much shorter route from Vancouver to Northern Europe, Africa and parts of South America, without going around Cape Horn, he said. And for ships that normally go through the Panama Canal, a Northwest Passage route could cut about 9,000 kilometres off the journey, he said.
Bill Drew, executive director of the Churchill Gateway Development Corp. told delegates [to the Canada Maritime Conference] that the shipping season for non-ice-class vessels grows each year and now runs from July 20 to Nov. 5. He said that the captain of this year’s first ship, which arrived on July 22, told him: “There’s more ice in this glass than I saw coming in here last week.”
Cool - Waterworld is arriving. Time to buy a Cat and a vertical axis wind turbine. Where is the Exxon Valdez? (oh that's right - it is now called the "SeaRiver Mediterranean").
Posted by: David R. | 12 September 2007 at 09:51 AM
This is obviously a joke!
Posted by: CEO | 12 September 2007 at 10:03 AM
Thats true, its melting fast in Artic, Greenland and also Canada. After all, every year, we are burning 12 billion tons of fossil fuels.
Now Canada is contributing its share by extracting oil sands which is very heat and pollution intensive method.
If the shipping route is started, the ice will melt even faster with the ships pollution and movement.
Posted by: Max Reid | 12 September 2007 at 11:49 AM
Now we are moving forward.
People need to stop worrying about global warming and the melting of the ice caps and put the focus on how to profit from it.
Selling A/Cs is one way but there must several new ways to make money on global warming.
How about a National Heatpipe Grid (NHPG)that transports thermal energy around the country.
One could buy futures in Therms/BTUs.
Posted by: David R. | 12 September 2007 at 02:08 PM
Henry Hudson was right, just 400 years early.
Posted by: doggydogworld | 13 September 2007 at 06:14 AM