Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn - Bloomberg
▻https://www.bloomberg.com/news/articles/2019-04-11/iceland-builds-arctic-port-as-global-shipping-routes-get-redrawn
hotographer: David Lomax/robertharding/Getty Images
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.
Germany’s Bremenports GmbH has entered a deal to develop a deep vessel port together with Icelandic partners, according to a statement on Thursday. Bremenports will initially own two-thirds of the joint venture, while Icelandic engineering firm Efla will control about a quarter. The rest will be co-owned by two Icelandic municipalities.
