PSA is finished!

[Viceroymenthol]

The "Northeast Passage" is in blue.

 

The maiden voyage to Europe by a Chinese merchant ship through the "Northeast Passage" will help the world's biggest exporter speed goods to market and is a symbol of Beijing's strategic ambitions in the Arctic.

 

 

The emerging Arctic Ocean shipping route north of Russia has been opened up by global warming and cuts thousands of kilometres (miles) -- and many days -- off the journey from China to its key European market.

 

A vessel owned by Chinese state shipping giant COSCO left the northeastern port of Dalian last week bound for Rotterdam in the Netherlands, on a 5,400-kilometre (3,380-mile) voyage which state media said would take just over 30 days.

 

That is up to two weeks faster than the traditional route between Asia and Europe through the Suez Canal, according to COSCO.

 

"It's potentially going to change the face of world trade," said Sam Chambers, editor of SinoShip magazine.

 

"The Chinese will use the Arctic route in a very big way. It's all about having options, having alternatives in case of emergency," he said.

 

But China is also eyeing the Arctic for better access to resources to fuel the world's second largest economy, such as the natural gas reserves held by political ally Russia in the region.

 

China -- which does not border the Arctic and has no territorial claim to any of it -- also recognises the area's potential for scientific research and its strategic value as what one Chinese analyst who did not want to be named called "military high ground".

 

The commercial shipping route is currently only open for about four months a year as polar ice melting as a result of global warming makes it more accessible.

 

Three months ago, China gained observer status in the Arctic Council, a group of nations with interests in the region which is believed could hold rich mineral and energy resources.

 

The council's eight full member states are Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States.

 

"The opening of the new shipping route indicates China is participating more in Arctic Ocean affairs," said Zhang Yongfeng, a researcher at the Shanghai International Shipping Institute.

 

The European Union is China's biggest export destination with 290 billion euros ($385 billion) in goods sold last year and COSCO, China's largest shipper, described the new service in purely commercial terms, saying it will slash shipping times, thus cutting costs and fuel consumption.

 

"The Arctic route can cut 12-15 days from traditional routes so the maritime industry calls it the 'Golden Waterway'," COSCO said in announcing the journey.

 

The company's 19,000-tonne ship Yong Sheng -- which is carrying a mixed cargo, including heavy equipment and steel -- is expected to pass through the Bering Strait later this month and dock in Rotterdam in September, it said.

 

"It will change the market pattern of the global shipping industry because it will shorten the maritime distance significantly among the Chinese, European and North American markets," Dalian Maritime University professor Qi Shaobin told state media.

 

But analysts said developing the route would take time -- while lack of infrastructure raised worries over contingencies for potential emergencies.

 

"In the near term, the economic value for shipping is definitely not big," said Zhang, of the Shanghai International Shipping Institute. "The navigable period of the passage is relatively short... while the port and pier infrastructure along the route is incomplete."

 

China is seeking to grow markets in southeast Asia and Africa, so more trade might flow to the south, lessening the importance of the Arctic route, he added.

 

China's total foreign trade volume was $3.87 trillion last year.

 

But some Chinese estimates claim between five and 15 percent of the country's international trade could use the Arctic route within a mere seven years.

 

[2BDriver]

Reading your thread title "PSA Finished" I thought you are refering our PM National Day Rally mentioned our southern harbour would be shifting to Tuas eastern anchorage

[Camrysfa]

But some Chinese estimates claim between five and 15 percent of the country's international trade could use the Arctic route within a mere seven years.

 

Another blow could be the Dagger of Kra....

http://www.themalaymailonline.com/what-you...azmi-mohd-rusli

With the construction cost up to USD23 billion measuring approximately 120kms from one side to the other through the Kra Isthmus, the proposed canal would be about 25m deep and 400m in width. The Government of Thailand will be funding this project with contributors from other maritime States such as Japan, China, the United States of America (US) and other interested States like Malaysia and Indonesia. Currently, this proposed project has temporarily been put on hold due to economic, environment and political reasons. Nevertheless, the Thai government has never announced its intention to scrap the project.

 

[Pms]

Port of Colombo has just opened its megaberth last week. Effectively bypassing Singapore for India's trade route to Europe and Western countries.

 

Together with the Artic route and the future Thai canal, it will be a Triple blow liao.

[Yewheng]

Another blow could be the Dagger of Kra....

http://www.themalaymailonline.com/what-you...azmi-mohd-rusli

With the construction cost up to USD23 billion measuring approximately 120kms from one side to the other through the Kra Isthmus, the proposed canal would be about 25m deep and 400m in width. The Government of Thailand will be funding this project with contributors from other maritime States such as Japan, China, the United States of America (US) and other interested States like Malaysia and Indonesia. Currently, this proposed project has temporarily been put on hold due to economic, environment and political reasons. Nevertheless, the Thai government has never announced its intention to scrap the project.

 

400m width is very short distance actually. Imagine a large container vessel is about 40 to 50m width, and with traffic of opposite direction separate. End up each take up 200m. How will the large container vessel going to overtake another large container vessel. The path is just too narrow and navigate though this narrow path will be a challenge to many big vessels.

Edited August 20, 2013 by Yewheng

[Playtime]

Another blow could be the Dagger of Kra....

http://www.themalaymailonline.com/what-you...azmi-mohd-rusli

With the construction cost up to USD23 billion measuring approximately 120kms from one side to the other through the Kra Isthmus, the proposed canal would be about 25m deep and 400m in width. The Government of Thailand will be funding this project with contributors from other maritime States such as Japan, China, the United States of America (US) and other interested States like Malaysia and Indonesia. Currently, this proposed project has temporarily been put on hold due to economic, environment and political reasons. Nevertheless, the Thai government has never announced its intention to scrap the project.

 

I always tot such a canal will not happen as long as the insurgency in Thailand South is still there.

 

[Gendut]

I always tot such a canal will not happen as long as the insurgency in Thailand South is still there.

 

It will not happen even after peace is achieved. There is absolutely zero economic sense in building it and the Thais know it. Period.

[Neost]

That isn't something that is good for Singapore. Hopefully, by then, we don't have to depend too much on our port operation to move the economy.

 

 

[Porker]

Port of Colombo has just opened its megaberth last week. Effectively bypassing Singapore for India's trade route to Europe and Western countries.

 

Together with the Artic route and the future Thai canal, it will be a Triple blow liao.

 

What has Singapore got to do with India's trade route to Europe? I don't understand the link.

[Flyerking]

If PSA is finished, you and I will have to become maids in another country. The Malaysians and other foreigners here will have to starve to death as the repercussions are enormous

 

The "Northeast Passage" is in blue.

 

The maiden voyage to Europe by a Chinese merchant ship through the "Northeast Passage" will help the world's biggest exporter speed goods to market and is a symbol of Beijing's strategic ambitions in the Arctic.

 

 

The emerging Arctic Ocean shipping route north of Russia has been opened up by global warming and cuts thousands of kilometres (miles) -- and many days -- off the journey from China to its key European market.

 

A vessel owned by Chinese state shipping giant COSCO left the northeastern port of Dalian last week bound for Rotterdam in the Netherlands, on a 5,400-kilometre (3,380-mile) voyage which state media said would take just over 30 days.

 

That is up to two weeks faster than the traditional route between Asia and Europe through the Suez Canal, according to COSCO.

 

"It's potentially going to change the face of world trade," said Sam Chambers, editor of SinoShip magazine.

 

"The Chinese will use the Arctic route in a very big way. It's all about having options, having alternatives in case of emergency," he said.

 

But China is also eyeing the Arctic for better access to resources to fuel the world's second largest economy, such as the natural gas reserves held by political ally Russia in the region.

 

China -- which does not border the Arctic and has no territorial claim to any of it -- also recognises the area's potential for scientific research and its strategic value as what one Chinese analyst who did not want to be named called "military high ground".

 

The commercial shipping route is currently only open for about four months a year as polar ice melting as a result of global warming makes it more accessible.

 

Three months ago, China gained observer status in the Arctic Council, a group of nations with interests in the region which is believed could hold rich mineral and energy resources.

 

The council's eight full member states are Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States.

 

"The opening of the new shipping route indicates China is participating more in Arctic Ocean affairs," said Zhang Yongfeng, a researcher at the Shanghai International Shipping Institute.

 

The European Union is China's biggest export destination with 290 billion euros ($385 billion) in goods sold last year and COSCO, China's largest shipper, described the new service in purely commercial terms, saying it will slash shipping times, thus cutting costs and fuel consumption.

 

"The Arctic route can cut 12-15 days from traditional routes so the maritime industry calls it the 'Golden Waterway'," COSCO said in announcing the journey.

 

The company's 19,000-tonne ship Yong Sheng -- which is carrying a mixed cargo, including heavy equipment and steel -- is expected to pass through the Bering Strait later this month and dock in Rotterdam in September, it said.

 

"It will change the market pattern of the global shipping industry because it will shorten the maritime distance significantly among the Chinese, European and North American markets," Dalian Maritime University professor Qi Shaobin told state media.

 

But analysts said developing the route would take time -- while lack of infrastructure raised worries over contingencies for potential emergencies.

 

"In the near term, the economic value for shipping is definitely not big," said Zhang, of the Shanghai International Shipping Institute. "The navigable period of the passage is relatively short... while the port and pier infrastructure along the route is incomplete."

 

China is seeking to grow markets in southeast Asia and Africa, so more trade might flow to the south, lessening the importance of the Arctic route, he added.

 

China's total foreign trade volume was $3.87 trillion last year.

 

But some Chinese estimates claim between five and 15 percent of the country's international trade could use the Arctic route within a mere seven years.

 

[Camrysfa]

400m width is very short distance actually. Imagine a large container vessel is about 40 to 50m width, and with traffic of opposite direction separate. End up each take up 200m. How will the large container vessel going to overtake another large container vessel. The path is just too narrow and navigate though this narrow path will be a challenge to many big vessels.

SUEZ canal-------When first built, the canal was 164 km (102 mi) long and 8 m (26 ft) deep. After multiple enlargements, the canal is 193.30 km (120.11 mi) long, 24 m (79 ft) deep and 205 metres (673 ft) wide as of 2010.[2]

Edited August 20, 2013 by Camrysfa

[BlueOldMan]

If PSA is finished, Singapore is finished ??

[Skunk]

If PSA is finished, Singapore is finished ??

 

Without shipping, SG will be a lot poorer....but still way richer than our neighbors :p self-comforting lol

[Solar]

If PSA is finished, Singapore is finished ??

 

well.. sounds like nonsense to non-believers..i read long time ago some fengshui article that it is effectively cutting it off the 龙脉

sg is the head with the pearl

[Krieger]

Hi, in fact someone I knew was invited to invest in the Artic Route exploration by the Chinese Government. But what he told me why a lot of investors pulled the plug is because Artic route is never the same. Ice blocks or so called drifting ice plates often formed in a irregular pattern which often causes unforeseen incidents such as hull impact. Recovery is even harder if should accidents happen.

 

The most dangerous impact to Singapore should be the building of more cross continent oil pipes from oil producing countries to China. In fact a lot of people including Singapore companies invested in such projects. If should one day the volume is big enough, refineries in Singapore will shut down...that's the real danger. In short projects such as Artic Route, KRA are just a fa

[Peqasus]

No wonder earth is doomed. Read "global warming, rich in mineral resources"

 

Like the economy cares. Dread to think of the scenario when terrans finished all the resource deposits in Starcraft.

[Pms]

What has Singapore got to do with India's trade route to Europe? I don't understand the link.

 

http://mobile.bloomberg.com/news/2013-08-0...t-by-china.html

 

 

[Icedbs]

The "Northeast Passage" is in blue.

 

The maiden voyage to Europe by a Chinese merchant ship through the "Northeast Passage" will help the world's biggest exporter speed goods to market and is a symbol of Beijing's strategic ambitions in the Arctic.

 

 

The emerging Arctic Ocean shipping route north of Russia has been opened up by global warming and cuts thousands of kilometres (miles) -- and many days -- off the journey from China to its key European market.

 

A vessel owned by Chinese state shipping giant COSCO left the northeastern port of Dalian last week bound for Rotterdam in the Netherlands, on a 5,400-kilometre (3,380-mile) voyage which state media said would take just over 30 days.

 

That is up to two weeks faster than the traditional route between Asia and Europe through the Suez Canal, according to COSCO.

 

"It's potentially going to change the face of world trade," said Sam Chambers, editor of SinoShip magazine.

 

"The Chinese will use the Arctic route in a very big way. It's all about having options, having alternatives in case of emergency," he said.

 

But China is also eyeing the Arctic for better access to resources to fuel the world's second largest economy, such as the natural gas reserves held by political ally Russia in the region.

 

China -- which does not border the Arctic and has no territorial claim to any of it -- also recognises the area's potential for scientific research and its strategic value as what one Chinese analyst who did not want to be named called "military high ground".

 

The commercial shipping route is currently only open for about four months a year as polar ice melting as a result of global warming makes it more accessible.

 

Three months ago, China gained observer status in the Arctic Council, a group of nations with interests in the region which is believed could hold rich mineral and energy resources.

 

The council's eight full member states are Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States.

 

"The opening of the new shipping route indicates China is participating more in Arctic Ocean affairs," said Zhang Yongfeng, a researcher at the Shanghai International Shipping Institute.

 

The European Union is China's biggest export destination with 290 billion euros ($385 billion) in goods sold last year and COSCO, China's largest shipper, described the new service in purely commercial terms, saying it will slash shipping times, thus cutting costs and fuel consumption.

 

"The Arctic route can cut 12-15 days from traditional routes so the maritime industry calls it the 'Golden Waterway'," COSCO said in announcing the journey.

 

The company's 19,000-tonne ship Yong Sheng -- which is carrying a mixed cargo, including heavy equipment and steel -- is expected to pass through the Bering Strait later this month and dock in Rotterdam in September, it said.

 

"It will change the market pattern of the global shipping industry because it will shorten the maritime distance significantly among the Chinese, European and North American markets," Dalian Maritime University professor Qi Shaobin told state media.

 

But analysts said developing the route would take time -- while lack of infrastructure raised worries over contingencies for potential emergencies.

 

"In the near term, the economic value for shipping is definitely not big," said Zhang, of the Shanghai International Shipping Institute. "The navigable period of the passage is relatively short... while the port and pier infrastructure along the route is incomplete."

 

China is seeking to grow markets in southeast Asia and Africa, so more trade might flow to the south, lessening the importance of the Arctic route, he added.

 

China's total foreign trade volume was $3.87 trillion last year.

 

But some Chinese estimates claim between five and 15 percent of the country's international trade could use the Arctic route within a mere seven years.

 

This to me, is like talking about using alternative energy to replace fossil fuels.

 

After 30 years of talking, saving the earth initiatives, etc, we are still using fossil fuels and the petrol companies are still doing better than ever.

 

Pple always like to talk about new things....it gets them excited, but let's be real......it will take another few decades for this to threaten PSA if it is even possible.