Breaking
BRMotorcyclist dies after being hit by pickup truck on Rodovia Marechal Rondon in CabreúvaBRGale rips roof off public court in Greater BHBRTwo die and one is injured after clash with police in MacapáTRBreaking news... An investigation has been launched against Serap BelovacıklıINTLGermany: Nuremberg airport closed over in-flight emergencyPLThe pediatric oncology department in Katowice returns after the protests. Admissions from ThursdayCRYPTO-TRBinance is shutting down one of its biggest operations: 4 main services will no longer existRUThe Russians went into the forest to pick mushrooms and blew themselves upBRRain advances through Mato Grosso do Sul and winds can reach 90 km/hCRYPTO-FRNFT: Blur, the former rival of OpenSea, announces the closure of its siteBRMotorcyclist dies after being hit by pickup truck on Rodovia Marechal Rondon in CabreúvaBRGale rips roof off public court in Greater BHBRTwo die and one is injured after clash with police in MacapáTRBreaking news... An investigation has been launched against Serap BelovacıklıINTLGermany: Nuremberg airport closed over in-flight emergencyPLThe pediatric oncology department in Katowice returns after the protests. Admissions from ThursdayCRYPTO-TRBinance is shutting down one of its biggest operations: 4 main services will no longer existRUThe Russians went into the forest to pick mushrooms and blew themselves upBRRain advances through Mato Grosso do Sul and winds can reach 90 km/hCRYPTO-FRNFT: Blur, the former rival of OpenSea, announces the closure of its site
BackSouth Korean container ship makes first round trip along the Northern Sea Route between Europe
South Korean container ship makes first round trip along the Northern Sea Route between Europe
NEWS
時事通信1 hour agoBusiness1 min readJapanView original

South Korean container ship makes first round trip along the Northern Sea Route between Europe

Quick Look

  • A South Korean container ship has completed its first trial round trip operation with Europe using the Northern Sea Route.
  • Compared to the usual route via the Suez Canal, the distance was reduced by 35% and the time required was reduced to 20 days.
  • The South Korean government aims to open regular shipping routes by 2030.

AI-generated summary

Why It Matters

Since 2010, passage through the Arctic Ocean has become possible in the summer due to a decrease in sea ice area due to global warming.

Font size

[Seoul Jiji] A South Korean container ship has completed its first trial round trip to Europe using the Northern Sea Route. The length of the voyage is expected to be shortened, and President Lee Jae-myung emphasized at a ceremony held on the 13th that ``the new route will be a reliable option in times of crisis.''

The South Korean government has set a goal of opening regular shipping routes by 2030. The plan is to analyze the data from this test flight and consider the possibility of commercial use.

The container ship departed from Busan Port on August 22nd. The ship returned to port on the 11th of this month after transiting through three locations in Europe, including Rotterdam in the Netherlands. Compared to the normal route through the Suez Canal, the distance is 35% shorter and the journey time each way has been reduced from 30 days to 20 days.

The Northern Sea Route has been open to traffic in the summer since 2010 due to a decrease in sea ice area due to global warming. However, there are many challenges, including the need for Russia's cooperation.

What to Watch

AI outlook — possibilities, not facts

  • Consideration of commercial use with the aim of establishing regular shipping routes by 2030

    Likely · Within years

Open Questions

  • How will cooperative relations with Russia be built?
  • What are the specific challenges for opening regular shipping routes in 2030?

Related Topics

This article was originally published by 時事通信.

Related Stories

Six Toei line maintenance companies to be recognized as bid rigging; five companies to be ordered excluded, 500 million yen surcharge expected - successful bids, pre-determination for each route, FTC
Developing·

Six Toei line maintenance companies to be recognized as bid rigging; five companies to be ordered excluded, 500 million yen surcharge expected - successful bids, pre-determination for each route, FTC

It has been revealed that the Japan Fair Trade Commission has decided to certify that six construction companies, including Totetsu Kogyo, which is listed on the Tokyo Stock Exchange Prime, colluded in bidding for track maintenance work for the Toei Subway and other railways, violating the Antimonopoly Act. The five companies are expected to be ordered to pay a total of approximately 500 million yen in fines.

時事通信
1 min read
[ITmedia News] PayPay Securities is unable to buy or sell Japanese stocks and ETFs due to a failure, and pre-orders on the 14th are no longer accepted, with no hope of recovery.
Urgent·

[ITmedia News] PayPay Securities is unable to buy or sell Japanese stocks and ETFs due to a failure, and pre-orders on the 14th are no longer accepted, with no hope of recovery.

A summary of notable domestic and international news, including food waste due to a cyber attack at a French supermarket, signs of self-replicating AI by Anthropic and false information provided to the police, whole genome analysis results from the University of Tokyo and Osaka University regarding colorectal cancer in Japanese people, and Hatena's 1.1 billion yen leak investigation report.

ITmedia
1 min read
U.S. senses crisis over soaring interest rates; also wary of market turmoil originating in Japan
Developing·

U.S. senses crisis over soaring interest rates; also wary of market turmoil originating in Japan

The Trump administration has become alarmed by the sharp rise in long-term interest rates in the United States, and is concerned about the impact of rising mortgage rates on household finances and headwinds for the midterm elections. Treasury Secretary Bessent is working to allay concerns about rising interest rates, while also expressing caution that Japan's historically high interest rate trends will spill over into the U.S. market.

時事通信
2 min read
[ITmedia Business Online] Why Workman can increase profits by 50% even if he lowers the price of work clothes by 1,000 yen Revamps his main business by responding to complaints that ``It's difficult to enter the store wearing work clothes''
Business·

[ITmedia Business Online] Why Workman can increase profits by 50% even if he lowers the price of work clothes by 1,000 yen Revamps his main business by responding to complaints that ``It's difficult to enter the store wearing work clothes''

Although Workman lowered the price of its work clothes by 1,000 yen from 4,400 yen to 3,400 yen, profits increased by about 50% by reviewing procurement methods and cutting costs by about 30%. We will promote the "Work Strengthening Plan" from April 2024 and aim for sales of 71 billion yen in 2027.

ITmedia
3 min read
Consumption tax cut: ``The more closely connected a restaurant is to daily life, the greater the impact'' - concerns raised by the head of a restaurant organization
Developing·

Consumption tax cut: ``The more closely connected a restaurant is to daily life, the greater the impact'' - concerns raised by the head of a restaurant organization

The restaurant industry is concerned that the consumption tax rate cut for groceries (from 8% to 1%) starting next spring will widen the tax rate difference to 9% from the 10% tax rate for dine-in consumption, making a decline in customer numbers inevitable. The impact is expected to be particularly large on small businesses with weak business foundations, such as neighborhood diner restaurants and izakaya bars.

朝日新聞
1 min read
More on this topicNorthern Sea Route