Cold temperatures and traffic congestion at the Panama Canal has resulted in a shortage of natural gas and exploding prices in parts of Asia. Now, Novatek aims to send LNG from the Arctic to Japan during the middle of winter in an untested high-risk, high-reward strategy. 

Favorable ice conditions meant that the ship »Baltic Winter» spent only about five and a half days on its voyage across the Northern Sea Route.

A new study sheds light on some of the risks associated with Arctic shipping finding that vessels with lower ice-classes are up to 20 times more likely to become stuck in sea ice along Russia’s Northern Sea Route than vessels with higher levels of protection.